Accountancy Part AAdmission of a Partner

Neha contributed Rs. 30,000 and Solani Rs. 90,000 as capital. What wi…

Neha contributed Rs. 30,000 and Solani Rs. 90,000 as capital. What will be Saloni's share in profits if the partnership agreement is silent?

Answer & explanation

Correct answer: option 3

The correct answer is Option (3) → Half of total profit

When the partnership deed (or agreement) is silent on the profit sharing ratio, the Partnership Act says profits are shared equally, whatever capital each partner has put in. With two partners, each gets one-half. The capitals of Rs. 30,000 and Rs. 90,000 (1:3) are a distraction; they would matter only if the agreement said profits follow capital.

NCERT (2026-27 edition):
Provisions of Partnership Act Relevant for Accounting – “… (a) Profit Sharing Ratio: 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.”