CUET Preparation Today
Neha contributed ₹30,000 and Solani ₹90,000 as capital. What will be Saloni's share in profits if the partnership agreement is silent? |
One third of total profit One fourth of total profit Half of total profit Two third of total profit |
Half of total profit |
The correct answer is option 3- Half of total profit. Half of total profit will be Saloni's share in profits if the partnership agreement is silent. In the absence of a specified profit sharing ratio in the partnership deed, the profits and losses of the firm will be divided equally among the partners, regardless of their individual capital contributions. So, Saloni share in profit is one half. |
