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In the absence of a partnership act,profit should be shared A) equally Or B) according to the rate of capital?

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Question added by Ahmad Noorani Ilshad Audab
Date Posted: 2015/03/24
Mohammed Shahid Ullah
by Mohammed Shahid Ullah , Executive Director (Finance) , Coal Power Generation Company Bangladesh Limited

In the absence of a partnership act, profit should be shared equally. Rate of capital is not the factor of profit distribution. Without capital a person can be a partner.

Samsheer ck samsheer
by Samsheer ck samsheer , Accounts Manager , Al madina group

Correct Answer

according to the rate of capital

Mark Angelo Damuag
by Mark Angelo Damuag , Financial Analyst , Evacare Management Consultancy Inc

The profit should be divided according to the rate of capital. Letter B is the answer

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