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If the deed mentions only profit ratio as two ratio one but not loss ratio, how will loss generally be shared?

Answer and explanation

Correct answer: In two ratio one

When no separate loss ratio is given, the profit ratio is treated as the loss ratio. First read any special provision in exams.

Related tags

Loss SharingProfit RatioDeedPartnership DeedPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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