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P1 C1 INTRODUCTION OF PARTNERSHIP — Elements of Account STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceElements of AccountP1 C1 INTRODUCTION OF PARTNERSHIP1 Mark
MCQ
In which proportion the profit or loss will be distributed between the partners if no provision is made in the partnership contract ?
  • A
    Capital proportion
  • ✓
    Equal proportion
  • C
    Sacrificed proportion
  • D
    Gained proportion
✓

Answer

Correct option: B.
Equal proportion

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