Question

when partnership deed is silent profit ratio is ​

Answer 1

Answer:

If the partnership deed is silent about the profit sharing ratio, the profits and losses of the firm are to be shared equally by partners, irrespective of their capital contribution in the firm.

Answer 2

The profit ratio is shared equally.

• A partnership deed represents an agreement among a firm's partners that spells out the terms and conditions of their partnership.
• It precisely defines necessary conditions like considerable profit/loss sharing, salary, interest on capital, draws, new partner admission, and so on.
• If the ratio is unspecified in the deed, gains and losses are to be shared equally by all partners, irrespective of their financial contribution to the business.