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NCERT Solutions for Class 12 Help.html Accountancy Part I Chapter 2 Accounting For Partnership:Basic Concepts

Accounting For Partnership:Basic Concepts Here is the CBSE Help.html Chapter 2 for Class 12 students. Summary and detailed explanation of the lesson, including the definitions of difficult words. All of the exercises and questions and answers from the lesson's back end have been completed. NCERT Solutions for Class 12 Help.html Accounting For Partnership:Basic Concepts Chapter 2 NCERT Solutions for Class 12 Help.html Accounting For Partnership:Basic Concepts Chapter 2 The following is a summary in Hindi and English for the academic year 2025-26. You can save these solutions to your computer or use the Class 12 Help.html.

Question 1
CBSEENAC12000001

In the absence of partnership deed the profits of a firm are divided among the partners:
(a) In the ratio of capital
(b) Equally
(c) In the ratio of time devoted for the firm's business
(d) According to the managerial abilities of the partners

Solution

(b) Equally: According to partnership act 1932, in the absence of any partnership deed, profits of the firm are divided among the partners equally.

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