If the partnership agreement does not specify how net profit is to be divided, the…

Accounts - Principles of Accounts JAMB 2015

If the partnership agreement does not specify how net profit is to be divided, the profit should be divided

.

  • equally checkmark
  • in accordance with an established
  • in proportion of current account balances
  • 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
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