According to partnership Act, if the deed is silent then the profit sharing ratio will be: (Assuming there are only two partners)
(
This question was previously asked in
Shift 30/05/2023 8:30 AM - 10:30 AM
A
In partners' capital ratio
B
1:2
C
2:1
D
Equally
Correct Answer
Equally
Detailed Explanation
According to the Partnership Act, if the partnership deed is silent about the profit-sharing ratio, the profits are to be shared equally among the partners. Therefore, the correct answer is:
(4) Equally
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