Question

If the Partnership Deed is silent, in which ratio the partners will share the profit or loss?​

Answer 1

There are various provisions affectingpartnership accounts. Profit sharing ratio is one of the provisions amongst them. If the partnership deed is silentabout the profit sharing ratio, theprofits and losses of the firm are to be shared equally by partners, irrespectiveof their capital contribution in thefirm

Answer 2

Answer:

Profit Sharing Ratio: If the partnership deed is silent on sharing of profit or losses among the partners of a firm, then according to the Partnership Act of 1932, profits and losses are to be shared equally by all the partners of the firm. 2.