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Under the Indian Partnership Act, 1932, in the absence of an agreement among the partners, profits of a firm shall be divided in the ratio of :a)Capitals contributed by the partnerb)Equally among the partnerc)Volume of business done by partnerd)To be decided by the courtCorrect answer is option 'B'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Under the Indian Partnership Act, 1932, in the absence of an agreement among the partners, profits of a firm shall be divided in the ratio of :a)Capitals contributed by the partnerb)Equally among the partnerc)Volume of business done by partnerd)To be decided by the courtCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Under the Indian Partnership Act, 1932, in the absence of an agreement among the partners, profits of a firm shall be divided in the ratio of :a)Capitals contributed by the partnerb)Equally among the partnerc)Volume of business done by partnerd)To be decided by the courtCorrect answer is option 'B'. Can you explain this answer?.

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