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  9. Q24
Question 24

In the absence of a partnership agreement, profits and losses are shared

  • A.in the ratio of capital
  • B.equally
  • C.in the ratio of drawings
  • D.according to services rendered
Objective

Question details

Exam body
UI
Subject
Financial Accounting
Year
2012/2013
Question no.
#24
Type
Objective
Previous · Q23In a partnership business, the net profit serves as opening figure for Next · Q25 Interest on a partner's drawings is debited to the

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