CA CPT June 2015 Question Paper Mercantile Laws for online practice

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Question : 33 of 40

Marks: +1, -0

Under Indian partnership Act, 1932. In the absence of any agreement to the contrary all the partners ofthe firm are

Entitled to profits in capital ratio
Entitled to profits according to seniority
Entitled to profits equally
Entitled to profits according to their balance in current account

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