

MCQOPTIONS
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1. |
Before distributing cash amongst partners whatever profit or loss and reserves as per the balance sheet |
A. | Will not be distributed amongst partners |
B. | Will be distributed amongst partners as per their P/L sharing ratio |
C. | Will be distributed amongst partners in context to each partner's capital |
D. | Will be distributed equally amongst partners |
Answer» C. Will be distributed amongst partners in context to each partner's capital | |