Profit Sharing Ratio

Q. If the partners mutually don't agree the profit sharing ratio, then they share profits .

1. in capital ratio
2. in drawing ratio
3. equally
4. randomly

Q.

If the partners mutually agree with the profit sharing ratio, then they share profits ___________.

1. equally

2. both of them

3. none of the above

4. in agreed ratio

Q.

If the partners mutually don't agree the profit sharing ratio, then they share profits ___________.

1. both of them

2. none of the above

3. in agreed ratio

4. equally

Q. If the partners mutually agree with the profit sharing ratio, then they share profits .

1. in capital ratio
2. in drawing ratio
3. equally
4. randomly