In the absence of partnership deed, profit and loss is shared

1.	In the absence of partnership deed, profit and loss is shared
A.	in proportion to capital contributed
B.	equally among all the partners
C.	in proportion functional participation in day-to-day operation
D.	not well defined
Answer» C. in proportion functional participation in day-to-day operation

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In the absence of partnership deed, profit and loss is shared

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