Where there is no partnership agreement then profits and losses (A) Must be shared in same proportion

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Where there is no partnership agreement then profits and losses
(A) Must be shared in same proportion as capitals
(B) Must be shared equally
(C) Must be shared equally after adjusting for interest on capital
(D) None of these

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Frank Woods Business Accounting Volume 1

ISBN: 9780273681496

10th Edition

Authors: Frank Wood, Alan Sangster

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Question Posted: Aug 19, 2023 11:32 PM

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Where there is no partnership agreement then profits and losses (A) Must be shared in same proportion

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Frank Woods Business Accounting Volume 1

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