Question

Under Indian partnership Act, 1932. In the absence of any agreement to the contrary all the partners of the firm are (a) Entitled to profits in capital ratio (b) Entitled to profits according to seniority (c) Entitled to profits equally (d) Entitled to profits according to their balance in current account

Answer 1

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anSwer

Under Indian partnership Act, 1932. In the absence of any agreement to the contrary all the partners of the firm are

» Entitled to profits equally✔

Answer 2

C. Entitled to profits equally

is the right answer.

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