In the absence of partnership agreement, profits and loss...
In the absence of partnership agreement, profits and losses are shared
In the ratio of capitals
Equally
In the ratio of drawings
According to services rendered
Correct answer is B
No explanation has been provided for this answer.
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\(\begin{array}{c|c} & N \\ \hline \text{Sales} & 14,600 \\ \text{Purchases} & 5,500 \\ ...
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\(\begin{array}{c|c} & N \\ \hline \text{Sales} & 14,600 \\ \text{Purchases} & 5,500 \\ ...
Abba offers 5% cash discount on goods worth N10,000, The discount allowed account is to be? ...