PLEASE answer the question fast?
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lovejan123:
first of all, according to partnership Act, if there's no profit ratio given, then profit shall be shared equally and there's no way it can be shared in capital ratio unless specified in the question. so according to this answer will be none of these. and as u deleted my previous comment, you can delete this too. you will never get clarity of concepts if you can't accept the right answer.
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D) none of these
Hope it will be helpful for you
Hope it will be helpful for you
Answered by
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answer can be derived by many ways
1) if partnership deed is silent
profit sharing ratio of partners is equal then the answer will
be none of these
2) if profit shared on basis of capital
then simran's share =9423 (24500*5/13)
hope u got clarity
1) if partnership deed is silent
profit sharing ratio of partners is equal then the answer will
be none of these
2) if profit shared on basis of capital
then simran's share =9423 (24500*5/13)
hope u got clarity
Pls mark it asbrainliest answeer
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