Question : A, B and C are partners in a firm with fixed capitals Rs.10,000, Rs.20,000 and Rs.30,000 respectively. The profit for the year is Rs.9,000. In the absence of the partnership deed, the profit is divided among A, B and C in _____ ratio.
Option 1: 1:2:3
Option 2: 1:1:1
Option 3: 3:2:1
Option 4: None of these
Answer (1)
15th Jan, 2024
Correct Answer: 1:1:1
Solution : According to the Indian Partnership Act, 1932, in the absence of the partnership deed, the profit is divided in equal ratio. Hence, the correct option is 2.
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