Accountancy, asked by sankalpborkar0709, 8 months ago

How is guaranteed profit to a partners treated while
appropriating profits

Answers

Answered by Rohith200422
2

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In a business partnership, you can split the profits any way you want–if everyone is in agreement. You could split the profits equally, or each partner could receive a different base salary and then split any remaining profits. This will be up to you and your partners to decide.

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