In the absence of provision in the partnership deed, in which ratio is the deficiency arising out of guarantee of profit to a partner born by the other partners? (C.B.S.E. 2019, Chennai)

In the absence of provision in the partnership deed, in which ratio is the deficiency arising out of guarantee of profit to a partner born by the other partners? (C.B.S.E. 2019, Chennai)

Post category:Accountancy
Reading time:1 mins read

SOLUTION

In their old profit-sharing ratio.

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