1.
Mohan and Shyam are partners in a firm. State wether the
claim is valid if the partnership agreement is silent in the
following matters:
a) Mohan is an active partner. He wants a salary of Rs.
10,000 per year.
Mohan has contributed Rs. 20,000 and Shyam Rs.
50,000 as capital. Mohan wants equal share in profits.
Shyam wants interest on capital to be credited @ 6% per
annum
Shyam had advanced a loan to the firm. He claims
interest @ 10% per annum.
b)
c)
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it's math and I hate maths sorry
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