Chapter: Introduction to Partnership and Partnership Final Accounts· Book-Keeping & Accountancy

When there is no Partnership Agreement between partners, the division of profits takes place in ____ ratio.

Q.1 (B) (5) When there is no Partnership Agreement between partners, the division of profits takes place in ____ ratio.

A. equal

B. capital

C. initial contribution

D. experience and tenure of partners

Doubtly Asked 29 Oct 2026 Updated 2 Nov 2026 Board exam · July 2024 hsc 12th Save WhatsApp Report

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Answer: A. equal

Answer: (a) equal

As per the Indian Partnership Act, 1932, in the absence of an agreement, partners share profits and losses equally, irrespective of their capital contribution.

Doubtly AI · 29 Oct 2026 AI-generated · not yet verified Report

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When the agreement is not present then the partner mutually agrees to share an equal profit and losses in the partnership firm

Mathili G. 12th Com · 2 Nov 2026 Report

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When there is no Partnership Agreement between partners, the division of profits takes place in ____ ratio.

2 answers

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