Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Accounting for Partnership

Question:

Neha contributed Rs. 30,000 and Saloni Rs. 90,000 as capital. What will be Saloni's share in profits if the partnership agreement is silent?

Options:

One third of total profit.

One fourth of total profit.

Half of total profit.

Two third of total profit.

Correct Answer:

Half of total profit.

Explanation:

The correct answer is Option (3) → Half of total profit.

  • When the partnership agreement is silent, profits (and losses) are shared equally, regardless of the partners’ capital contributions.

  • So, even though Neha contributed ₹30,000 and Saloni ₹90,000, both will share profits equally.

  • Therefore, Saloni’s share = 1/2 of the total profit.