When there is no partnership agreement between partners, the division of Profits takes place in ________ ratio.

When there is no partnership agreement between partners, the division of Profits takes place in ________ ratio.

 1. Equal 

2. capital ratio 

3. initial contribution 

4. experience and tenure of partner 


Solution: When there is no partnership agreement between partners, the division of Profits takes place in an equal ratio.



Introduction to Partnership and Partnership  Final Accounts  EXERCISE - 1 

12th commerce book keeping accountancy solutions

Maharastra Board 12th commerce book keeping accountancy solutions

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