In the absence of partnership deed:

(A) Partners are allowed interest on capital @ 6% p.a.
(B) Partners are allowed interest on loan advanced by them @ 6% p.a.
(C) Partners are allowed salary, it they are working partners.
(D) Profits are shared according to capital ratio.
(E) Profits are shared in equal ratio.

Choose the correct answer from the options given below.

(B) and (E) only

The correct answer is Option (3) → (B) and (E) only.

(B) Partners are allowed interest on loan advanced by them @ 6% p.a.- This is provided in absence of deed. If a partner has provided a loan to the partnership for business purposes, they are entitled to receive interest on the loan amount at a rate of 6 percent per annum.

(E) Profits are shared in equal ratio- This is provided Equally in absence of deed. 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.

OTHER OPTIONS

(A) Partners are allowed interest on capital @ 6% p.a.- No interest is provided. Unless explicitly stated in the partnership agreement, partners do not have the right to claim interest on the capital they have invested in the firm.

(C) Partners are allowed salary, it they are working partners- No salary is allowed.  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.

(D) Profits are shared according to capital ratio- Profits are shared equally. 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.