Practicing Success
Consider the following statements, when the partnership deed is silent, about provision related to distribution of profits and select the correct statements. (A) No extra monetary benefits to the working partners Choose the correct answer from the options given below : |
(A), (D) and (E) only (B), (C) and (D) only (A), (B) and (C) only (B), (D) and (E) only |
(A), (B) and (C) only |
The correct answer is Option (3) - (A), (B) and (C) only. If there is no clause in the partnership deed of the partnership firm then the provisions of the Partnership Act, 1932 will be applicable. Some of the provisions are: |