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In the absence of an agreement, partners share profits

Accounts - Principles of Accounts
WAEC 2009
In the absence of an agreement, partners share profits
  • A. based on activeness of a partner
  • B. based on capital contribution
  • C. on patronage basis
  • D. on equal basis
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Correct Answer: Option D
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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