In the absence of partnership agreement, profits and loss...
In the absence of partnership agreement, profits and losses are shared
In the ratio of capitals
Equally
In the ratio of drawings
According to services rendered
Correct answer is B
No explanation has been provided for this answer.
The document which contains the internal regulations of a limited liability company is the ...
Payment for shares in excess of amount offered gives rise to ...
Given: Additional capital Capital Closing capital Net profit ₦...
A rent of ₦50,000 was paid by samson to his landlady by cheque. The double entry in Samson's b...
\(\begin{array}{c|c} & N \\ \hline \text{Fixed assets} & 12,000 \\ \text{Current assets} &am...
Which of the following is the equivalent of the receipts payment accounts? ...
Which of the following is a credit item in an income and expenditure account? ...