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

in capital ratio

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equally

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randomly

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Solution

The correct option is C equally
If there is no agreement for the profit sharing ratio, then partners share profit equally.

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

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

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Aditya and Balan are partners sharing profits and losses in 3:2 ratio. They admitted Christopher for 1/4 share in the profits. The new profit sharing ratio agreed was 2:1:1. Christopher brought Rs. 50,000 for his capital. His share of goodwill was agreed to at Rs. 15,000. Christopher could bring only Rs. 10,000 out of his share of goodwill. Record necessary journal entries in the books of the firm?

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

The correct option is C equallyIf there is no agreement for the profit sharing ratio, then partners share profit equally.

The correct option is C equally
If there is no agreement for the profit sharing ratio, then partners share profit equally.