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4 Explain the rules applicable in the absence of Partnership Deed, in case of the following (b) Profit & Loss Sharing Ratio, |
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Answer» Sharing of profits and LOSSES: If the partnership deed is silent on sharing of profit or losses among the PARTNERS of a firm, then according to the Partnership Act of 1932, profits and losses are to be SHARED EQUALLY by all the partners of the firm.Explanation:MARK as brainliests |
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