In the absence of any provision in the partnership agreement, profits and losses are shared by the partners

Question

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in the ratio of loans given by them to the partnership firm

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in the ratio of the capital of partners

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equally

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in the ratio of the initial capital introduced by the partners

1.	In the absence of any provision in the partnership agreement, profits and losses are shared by the partners
A.	in the ratio of the capital of partners
B.	equally
C.	in the ratio of loans given by them to the partnership firm
D.	in the ratio of the initial capital introduced by the partners
Answer» C. in the ratio of loans given by them to the partnership firm

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