A & B are partners and contribute capital of ₹ 50000 each sharing profits in ratio of 4:3. Partnership deed is silent in matter of salary and commission. A is a working partner in a firm. At the year end, A demands salary of ₹ 10000 per month. How much amount is given to him?

₹100000 ₹120000 ₹150000 Zero

Zero

Remuneration for Firm’s Work: No partner is entitled to get salary or other remuneration for taking part in the conduct of the business of the firm unless there is a provision for the same in the Partnership Deed.