If there is a provision for allocation of profits but not losses in the partnership agreement, courts have generally concluded that (a) Losses should not be allocated to the capital accounts, but...

courts have generally concluded that

(a) Losses should not be allocated to the capital accounts, but matched against future earnings.

(b) Losses should be allocated using the same approach as allocation of profits.

(c) Losses should be allocated equally.

(d) Losses should be allocated according to the ratio of balances in the capital accounts.