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If the partnership agreement does not specify how net profit is to be divided, the ...

If the partnership agreement does not specify how net profit is to be divided, the profit should be divided
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Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Equally
  • B In accordance with an established
  • C In proportion of current account balances
  • D In proportion of weighted average of capital
Correct Answer: Option A
Explanation:
profit or loss are expected to be share equally in the absence of any agreement

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