Question

Fictitious assets are distributed among the partners in their _____ _____ ratio.

Answer 1

Explanation:

Fictitious assets are distributed among the partners in their ------ *

Answer 2

Answer:

Equal , profitable ratio.

Explanation:

Fictitious assets are the assets which are not realistic, basically they are not present but we feel it as we are owing them. For example land, jewellery, money, clothes,house,food, vehicles.....etc.

A partner is one who invests some investment on the business and will get some of the profit. The percentage of investment of partners may varry and the percentage of profit shared by the partners depends on investment, the one who invests will get more. For example, if one of the partner invests 75% , he will get 75% of profits and the other who invests 25% will get less than the other i.e., 25%. It is lawful to share the assets equally and profitably in case of fictitious assets.