In a partnership,profits (and losses)are shared according to any ratio stated in the articles of partnership.

Name: In a partnership,profits (and losses)are shared according to any ratio stated in the articles of partnership.
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Question

Quizplus · Accepted Answer

The articles of partnership outline how the profits and losses will be distributed among the partners. This can be in the form of a specific ratio, which determines how much each partner will receive. Therefore, the statement is true.

In a Partnership,profits (And Losses)are Shared According to Any Ratio