Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Accounting for Partnership

Question:
In the absence of partnership deed, profits of the firm will be shared by the partners in which ratio?
Options:
Capital ratio
Equal ratio
Profit ratio
None of the above
Correct Answer:
Equal ratio
Explanation:
In the absense of partnership deed, profits of the firm will be shared equally by the partners.