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According to partnership act, if the deed is silent then the profit-sharing ratio will be : (Assuming there are only two partners)
Question

According to partnership act, if the deed is silent then the profit-sharing ratio will be : (Assuming there are only two partners)

A.

In partners’ capital ratio

B.

1 : 2

C.

2 : 1

D.

Equal

Correct option is D

According to the Partnership Act, if the partnership deed is silent on the profit-sharing ratio, profits are shared equally among partners. This default rule ensures fairness and simplicity in profit distribution when explicit terms are not provided.

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