A, B, and C are partners. A’s Capital is ₹ 3,00,000 and B’s Capital is ₹ 1,00,000. C has not invested any amount as capital but he alone manages the whole business. C wants ₹ 30,000 p.a. as salary, though the deed is silent.
A, B, and C are partners. A’s Capital is ₹ 3,00,000 and B’s Capital is ₹ 1,00,000. C has not invested any amount as capital but he alone manages the whole business. C wants ₹ 30,000 p.a. as salary, though the deed is silent. The firm earned a profit of ₹ 1,50,000. How much will each partner receive as an appropriation of profits?
a) A ₹ 60,000; B ₹ 60,000 and C ₹ 30,000
b) A ₹ 90,000; B ₹ 30,000 and C ₹ 30,000
c) A ₹ 40,000; B ₹ 40,000 and C ₹ 70,000
d) A ₹ 50,000; B ₹ 50,000 and C ₹ 50,000
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Ans – d)
In the absence of a partnership deed. The profit is divided equally among partners.
The salary to the partners is not allowed in the absence of partnership deed.
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