Question

1 point
In the absence of partnership
deed partner share profit and
loss in
O (a) Ratio of capital Employed
O (b)Equal Ratio
O (c) 2:1
O (d) 1:2​

Answer 1

Answer:

b ) Equal Ratio

Explanation:

In the absence of partnership deed, the provisions of Indian Partnership Act of 1932 applies. According to the act, if there is no agreement regarding the ratio in which profits are to be shared, then profits (or losses) are to be shared equally among all the partners.