Accountancy, asked by advitakumari, 7 months ago

profit sharing ratio explain kro

Answers

Answered by aurora2007

Answer:

The ratio in which the profits or losses of a business are shared. For a partnership, the profit-sharing ratios will be set out in the partnership agreement. This will show the amount, usually given as a percentage of the total profits, attributable to each partner.

Explanation:

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