Question

1. A and B are partners in a firm. State by giving reasons whether their claims are valid if
partnership deed is silent in the following Matters :
(1) B has advanced a loan to the firm. He claims interest at the usual interest rate charged
by banks. Which is 13% per annum.
(ü) A has contributed 1,00,000 and B50,000 as Capital. B wants profits to be shared
equally​

Answer 1

Answer:

1. If partnership deed is silent then then 6%p.a. interest is provided on partner's loan so B claim is invalid

2. If partnership deed is silent then profit sharing ratio

is equal so B claim is valid

Answer 2

Answer:

if partnership deed is silent

1. Int. on loan advance by b will be given @6%p.a

2. profit will be share equally .