Update

Muft Shiksha™ एक 100% Free Education Portal है 🇮🇳, जिसका उद्देश्य Class 9–12 के हर विद्यार्थी तक High-Quality Education को पूरी तरह मुफ्त पहुँचाना है। 🇮🇳 हम मानते हैं कि अच्छी शिक्षा किसी student की आर्थिक स्थिति पर निर्भर नहीं होनी चाहिए। 🇮🇳 हर विद्यार्थी को वही Quality Study Material, MCQs, Quizzes, Exam Preparation, Concept-Based Learning और Bilingual Support मिलना चाहिए, जो आमतौर पर महंगी Coaching या Premium Platforms में मिलता है। Muft Shiksha™ 🇮🇳 इसी सोच के साथ बनाया गया है

Subjects
0 reads0 ratings0 helpful

If the partnership deed does not mention the profit sharing ratio how will remaining profit after adjustments be distributed?

Answer and explanation

Correct answer: Equally

Direct answer: Option A, equally. A partnership deed normally states the profit-sharing ratio. If the deed is silent about that ratio, the Partnership Act rule is applied: partners share profits and losses equally. This rule is based on the partnership relationship, not on how much money each partner invested. Step 1: check the deed. Step 2: find that no ratio is written. Step 3: divide the remaining profit after all necessary adjustments into equal parts. Option A, equally, is correct. Option B, capital ratio, is wrong because different capital amounts do not automatically create different profit shares. Option C, drawings ratio, is wrong because drawings show withdrawals, not the agreed ownership of profit. Option D, salary ratio, is wrong because salary is compensation for work and does not decide the profit-sharing ratio. For example, with two partners and ₹20,000 remaining profit, each receives ₹10,000. Memory cue: no ratio in the deed means equal sharing, not sharing according to capital.

Related tags

PartnershipDeed SilentProfit Ratio

Was this question useful?

No ratings yetWrite a review / Rate this question

Student Reviews

No published reviews yet.

Add Muft Shiksha to your Home Screen

In Safari, tap Share, then Add to Home Screen.