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After calculating appropriations, the remaining profit is shared according to what in the deed?

Answer and explanation

Correct answer: Profit and loss ratio

Residual profit after appropriations is shared in the profit and loss ratio. This is the basis of final distribution.

Related tags

Residual ProfitProfit Loss RatioAppropriationPartnership DeedPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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