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Question
In the absence of any agreement, the partners are entitled to share profits ________.
In the absence of any agreement, the partners are entitled to share profits ________.
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Solution
The correct option is A equally
In case there is no agreement among the partners or no partnership deed the profits or losses from the business are to be shared equally by the partners.
In case there is no agreement among the partners or no partnership deed the profits or losses from the business are to be shared equally by the partners.
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