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 is silent, what is the rule regarding partners' salaries?

Answer and explanation

Correct answer: Salary is not allowed

A partner’s salary is payable only if the partnership deed or partners’ agreement specifically provides for it. When the deed is silent on salaries, partners are not entitled to any separate salary; they receive their share of profits as agreed (or equally if no agreement on profit sharing). Closest distractors are incorrect because equal salary, payment to only the active partner, or payment in capital ratio would apply only when the deed/contract prescribes those modes. Exam tip: memorize — "No partner’s salary unless the deed/agreement specifies it."

Related tags

Partnership AccountsProfit DistributionPartner SalarySilent DeedPartnership DeedPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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.