Theres a question, from the chapter accouting for partnership firms. Where it is stated atal and lal are partners, and atal is contributing 50000 as capital and lal only 5ooo and when the profit is to be distributed the book says the profit has to be distributed equally. But i think it should be distributed according to their capital ratios in the firm.
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Answer:
this ans is confusing.
Explanation:
If the firm do not have the partnership deed then then in that case profit will be shared equally
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