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How will the profits be divided among partners in the absence of a partnership deed?
6. How will the profits be divided among partners in the absence of a partnership deed?
- Depending on the capital invested.
- Depending on the work experience.
- Unequal
- Equal
Answer: D) Equal
Explanation:
As per the arrangements of the partnership deed, the benefits and misfortunes made by the firm are circulated among the accomplices. Notwithstanding, sharing of benefits and misfortunes is equivalent among the accomplices, assuming the partnership deed is quiet.