O-LevelCommerceBusiness enterprise7100/11 · May/June 2010 · Q361 Mark

How are the profits and losses in a partnership shared when there is no partnership deed?

Aaccording to the purchases made by each partner

Bequally amongst all the partners

Cin proportion to the capital invested

Din relation to the hours worked by each partner

✓ Correct answer

B: equally amongst all the partners

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Topic: Business enterprise, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, May/June 2010 Paper 1 Variant 1, question 36.

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