In the absence of Partnership deed, partners share profits and losses :- Option 1: Ratio of capital employed Option 2: 2:1 Option 3: Equal Ratio Option 4: 1:2

The answer is 'Equal Ratio'. View full solution:

CUET Accountancy - In the absence of Partnership deed, partners share profits and losses :- | PYQs + Solutions

CUET Accountancy 2022 16 July Shift 2

Partnership

Easy

Ratio of capital employed

2:1

Equal Ratio

1:2

✅ Correct Option: 3

Related questions:

28 May Shift 1

A, B & C were sharing profits & losses in the ratio of 3 : 2 : 1. They decided to share profits & losses equally in future. General reserve was appearing in their books at Rs. 60,000. Goodwill was valued at Rs. 1,20,000. The partners do not want to disturb the general reserve. The adjusting entry will be :

26 May Shift 2

Neha contributed Rs. 30,000 and Saloni Rs. 90,000 as capital. What will be Saloni's share in profits if the partnership agreement is silent?

30 May Shift 2

Which among the following is not the feature of a fixed capital method by which the capital accounts of partners can be maintained?

CUET Accountancy 2022 16 July Shift 2 PYQs

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