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What share of profits would a ‘sleeping partner’ who has contributed 75% of the Total Capital get in the absence of a deed?

  • Post category:Accountancy
  • Reading time:1 mins read

SOLUTION

Equal share of profits.


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Previous PostWhy is it important, to have a partnership deed in writing?
Next PostIn the absence of any provision in the partnership deed, at what rate is a working partner entitled for remuneration?

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