Question : In the absence of a partnership deed, the profit of a firm is distributed among the partners.
Option 1: In the ratio of capital.
Option 2: Equally
Option 3: In the ratio of time dereted for the firms business.
Option 4: according to the managerial abilities of the partners.
Correct Answer: Equally
Solution : Answer = Equally. In the absence of a partnership agreement, the profits and losses are to be shared equally among the partners. This approach ensures fairness and simplicity in distribution, providing a default framework for partnerships lacking specific allocation arrangements. Hence, the correct option is 2.
Question : On dissolution of a partnership firm, profit or loss on realisation is distributed among the partners ________.
Option 1: In capital ratio
Option 2: In Profit sharing ratio
Option 3: Equally
Option 4: None of the above
Question : On dissolution of a partnership firm, profit or loss on realisation is distributed among the partners -
Question : A and B are Partners in a firm. They are entitled to interest on capital, but if the net profit is not sufficient for this interest, then the net profit will be distributed among partners in
Option 1: Agreed ratio
Option 2: Profit sharing ratio
Option 3: Capital ratio
Option 4: Equally
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