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Subject - Accounting:

General Concepts

MCQ - 74-76

Question:

Where there is no partnership agreement then profits and losses:

  1. Must be shared equally
  2. Must be shared in same proportion as capitals
  3. Must be shared equally after adjusting for interest on capital
  4. Must be shared in same proportion as capitals

Correct Answer: A

Explanation:

Not available

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Record Performance

355 MCQ for effective preparation of the test of General Concepts of Accounting section.

Read the MCQ statement: Where there is no partnership agreement then profits and losses: , keenly and apply the method you have learn through the video lessons for General Concepts to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 74-76.

How to Answer

Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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