Q445
Under section 13(b) of the Indian Partnership Act, 1932 all the partners are entitled to
A.
Share the profits and losses in the ratio of their capital contributions
B.
Share the profits and losses equally irrespective of any agreement between them to the contrary
C.
Share the profits and losses equally in the absence of any agreement to the contrary between them
AnswerD.
Share the profits and losses in the ratio of their personal efforts input
Answer: Option C
Solution
Answer: Option C
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