EPFO EO/AO • General Ability Test • 2017 • Q.70
Accountancy & AuditingMedium
In the absence of any provision in the partnership agreement, profits and losses are shared by the partners
Syllabus Connection
Principles of Accountancy: Accounting concepts & conventions, double-entry bookkeeping, journal, ledger, trial balance, depreciation, final accounts preparation (trading, P&L, balance sheet), company accounts & share capital, Accounting Standards (AS & Ind AS). (APFC)
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