In which ratio, deficiency in case of guaranteed profit to any partner is borne by partners in a partnership firm?

Profit sharing ratio if Specified ratio of deficiency is not given

The correct answer is option 3- Profit sharing ratio if Specified ratio of deficiency is not given.

Sometimes a partner is admitted into the firm with a guarantee of a certain minimum amount by way of his share of profits of the firm. Such assurance may be given by all the old partners in a certain ratio or by any of the old partners, individually to the new partner. If the ratio is not specified, then the deficiency is borne in the profit sharing ratio.