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

Home » Past Questions » Accounts-principles-of-accounts » Jamb » 2015 » 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
Previous Question Next Question

Leave A Comment