If the partnership agreement does not specify how net pro...
If the partnership agreement does not specify how net profit is to be divided, the profit should be divided
Equally
In accordance with an established
In proportion of current account balances
In proportion of weighted average of capital
Correct answer is A
Profit or loss are expected to be share equally in the absence of any agreement
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Aminu and Sons credit purchases (Extract] as at February 1996. Feb 1Credit balances 40,000 Debit...