Accountancy, asked by sunilkumarmoti811, 7 months ago

Q 1: In which ratio , profit and Loss of
partners is divided in the absence of
Partnership Deed ? ​

Answers

Answered by jhanvikaushik25
3

Answer:

In the ratio of time devoted for the firm's business. (d) According to the managerial abilities of the partners. (b) Equally: According to partnership act 1932, in the absence of any partnership deed, profits of the firm are divided among the partners equally.

Explanation:

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