There are two statements marked as Assertion (A) and Reason (R). Mark your answer as per the options given below.
Assertion (A): Salary of ₹10000 should be given to that partner who remains more active than the other partners and do extra efforts to earn extra profit.
Reason (R): In absence of a partnership deed, no salary is given to any partner whether he does extra work or not.
Answer & explanation
Correct answer: option 4
The correct answer is option 4- Assertion (A) is false, but Reason (R) is true.
Assertion (A): Salary of ₹10,000 should be given to that partner who remains more active than the other partners and do extra efforts to earn extra profit. This is false as no salary is provided to partner for their activeness in the firm until partnership deed provided this.
Reason (R): In absence of a partnership deed, no salary is given to any partner whether he does extra work or not. This is true. 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.
Thus, Assertion is false and reason is true.