In which of the following case, the claim is valid if the partnership…

In which of the following case, the claim is valid if the partnership agreement is silent?

Answer & explanation

Correct answer: option 3

The correct answer is Option (3) → Sanjay and Monika contributed ₹2,00,000 and ₹5,00,000 as capital respectively and Monika wants equal share.

When the partnership deed is silent, the Indian Partnership Act, 1932 decides each claim. Under the Act profits are shared equally, whatever capital each partner has brought in. So Monika’s claim for an equal share is valid, even though her capital is larger.

Why the other options are incorrect

Option (1) Sanjay is an active partner and wants a salary of ₹1,00,000 per year. — Incorrect. No partner gets a salary for working in the firm unless the deed provides for it.
Option (2) Monika had advanced a loan to the firm and claims interest @10% per annum. — Incorrect. Interest on a partner’s loan is allowed, but only at 6% per annum; a claim at 10% is not valid.
Option (4) Monika wants interest on capital to be credited @ 10% per annum. — Incorrect. No interest on capital is allowed when the deed is silent.

NCERT (2026-27 edition):
Test your Understanding – I – “1. Mohan and Shyam are partners in a firm. State whether the claim is valid if the partnership agreement is silent in the following matters: (i) Mohan is an active partner. He wants a salary of Rs. 10,000 per year; (ii) Shyam had advanced a loan to the firm. He claims interest @ 10% per annum; (iii) Mohan has contributed Rs. 20,000 and Shyam Rs. 50,000 as capital. Mohan wants equal share in profits. (iv) Shyam wants interest on capital to be credited @ 6% per annum.”

NCERT (2026-27 edition):
Profit Sharing Ratio – “If the partnership deed is silent about the profit sharing ratio, the profits and losses of the firm are to be shared equally by partners, irrespective of their capital contribution in the firm.”

NCERT (2026-27 edition):
Interest on Loan – “If any partner has advanced loan to the firm for the purpose of business, he/she shall be entitled to get an interest on the loan amount at the rate of 6 per cent per annum.”

In which of the following case, the claim is valid if the partnership agreement is silent?

Answer & explanation

Correct answer: option 3

The correct answer is Option (3) → Sanjay and Monika contributed ₹2,00,000 and ₹5,00,000 as capital respectively and Monika wants equal share.

Why the other options are incorrect

Option (1) Sanjay is an active partner and wants a salary of ₹1,00,000 per year. — Incorrect. No partner gets a salary for working in the firm unless the deed provides for it.
Option (2) Monika had advanced a loan to the firm and claims interest @10% per annum. — Incorrect. Interest on a partner’s loan is allowed, but only at 6% per annum; a claim at 10% is not valid.
Option (4) Monika wants interest on capital to be credited @ 10% per annum. — Incorrect. No interest on capital is allowed when the deed is silent.