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AP
Question Practice

In case of a net loss, how is the loss distributed among partners if there is no partnership deed?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Accountancy
Accountancy Part - I
Accounting for Partnership: Ba...
Question Bank

In case of a net loss, how is ...

Single Answer MCQ
Q-00081971

In case of a net loss, how is the loss distributed among partners if there is no partnership deed?

1

According to their capital contributions

2

Equally among them

3

Based on their initial investments

4

In the ratio of personal efforts

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Q1.

What is a partnership and what are its chief characteristics?

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Q2.

Explain the main provisions of the Indian Partnership Act 1932 that are relevant to partnership accounts in the absence of a partnership deed.

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Q3.

What is the primary purpose of a partnership deed?

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Q4.

If a partnership deed is silent on the profit-sharing ratio, how should profits be shared?

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