Question

when there is no partership agreement between partner​

Answer 1

Answer:

Answer. Answer: According to Partnership Act 1932, in the absence of any agreement between partners , profit and loss must be shared equally , regardless of the ratio of the partners investments . If the partnership agreement specifies how profits are to be shared , losses must be shared on the same basis as profits .

Explanation:

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Answer 2

Answer:

According toPartnership Act 1932, in the absence of any agreement between partners , profit and loss must be shared equally , regardless of the ratio of the partners investments . If the partnership agreement specifies how profits are to be shared , losses must be shared on the same basis as profits .

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