Question

Ram nd Mohan are partners in a firm neet out partnership deed, their capital r 800000nd 600000. Ram is an active partner nd looks after the business .Ram wants that profits shared in proportion of capital state with reasons whether his claim is valid or not

Answer 1

The claim of Ram is Invalid.

• The contract/agreement typically specifying the appropriate terms and conditions of the active partners of a firm is known as the partnership deed.
• In the notable absence of a partnership deed, or when the deed is void or silent, then the partnership firm's profits are distributed equally to all the active partners of the company.  
• Even though Ram is an active partner and is looking after business, the profit will be shared by Mohan as well.