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

Q1 P1 Page -

Answer

(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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