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O-LevelCommerceBusiness enterprise7100/12 · Oct/Nov 2016 · Q351 Mark

How are losses in partnerships paid if there is no partnership agreement?

Aas agreed by the partners
Bby the senior partner
Cby the sleeping partners
Dshared equally among the partners

✓ Correct answer

D: shared equally among the partners

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About this question

Topic
Business enterprise, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source
O-Level Commerce, Oct/Nov 2016 Paper 1 Variant 2, question 35.

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