Accountancy, asked by venkateshpidugu967, 1 month ago

Provisions of partnership act when deed is silent

Answers

Answered by AnshPratihar

Explanation:

(i) Profit Sharing Ratio: When a partnership deed is not made or even if it is made and silent on sharing of profit or losses among the partners of a firm, then according to the Partnership Act 1932, profits and losses are to be shared equally among all the partner of the firm.

Answered by jannatparia

Answer:

Profit Sharing Ratio: When a partnership deed is not made or even if it is made and silent on sharing of profit or losses among the partners of a firm, then according to the Partnership Act 1932, profits and losses are to be shared equally among all the partner of the firm.

Explanation:

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