If the partnership agreement does not specify how net profit is to be divided, the...
FINANCIAL
JAMB 2015
If the partnership agreement does not specify how net profit is to be divided, the profit should be divided
- A. equally
- B. in accordance with an established
- C. in proportion of current account balances
- D. in proportion of weighted average of capital
Correct Answer: A. equally
Explanation
profit or loss are expected to be share equally in the absence of any agreement
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