If the partnership agreement does not specify how net profit is to be divided, t...
Question
If the partnership agreement does not specify how net profit is to be divided, the profit should be divided .Options
A)
equally
B)
in accordance with an established
C)
in proportion of current account balances
D)
in proportion of weighted average of capital
The correct answer is A.
Explanation:
profit or loss are expected to be share equally in the absence of any agreement
More Past Questions:
Dicussion (1)
Other Subjects
- English Language
- Biology
- Government
- Mathematics
- Physics
- Economics
- Chemistry
- Christian Religious Knowledge
- Commerce
- Geography
- Literature In English
- Agricultural Science
- General Paper
- History
- Islamic Religious Knowledge
- Further Mathematics
- Current Affairs
- Computer Studies
- Civic Education
- Math
- Reading
- Writing and Language
- Home Economics
- French
- Igbo
- Hausa
- Yoruba
- Fine Arts
- Basic Accounting
profit or loss are expected to be share equally in the absence of any agreement