In the absence of an agreement, partners share profits
In the absence of an agreement, partners share profits
Based on activeness of a partner
Based on capital contribution
On patronage basis
On equal basis
Correct answer is D
No explanation has been provided for this answer.
Opening stock ₦ Department A B 100 800 ...
Which of the following expenses is allocated according to the floor area? ...
\(\begin{array}{c|c} \text{Rent receivable accrued 1/01/2005} & D3,000\\ \text{Rent received dur...
Which of the following errors affects the agreement of a Trial balance? ...
Subscription in advance is treated in the balance sheet under ...
In a partnership account, interest on drawings is ...
Which of the following is a strong feature of partnership? ...