Question

when there is no partnership agreement between partners the division of profit take place in which ratio
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Answer 1

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 .

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Answer 2

Answer:

according to partnership act 1932 in the absence of any agreement between partner profit or loss must be share equally regardless of the ratio of the partner investment is the partnership agreement spacious how profit to be shared loss must be share on the same basis of the profit