√ in the absence of partnership deed what are the rules relating to 112932-In the absence of partnership deed what are the rules relating to profit sharing ratio

Thanks for 100 Subscribers and expecting much moreEnjoy online LearningAnswer In case of partnership deed is silent then section 2 of the Partnership Act 1932 will apply according to the Section partners are not provided with remuneration it is clearly mentioned that unless there is an agreement between the partners toThe type and nature of the business

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In the absence of partnership deed what are the rules relating to profit sharing ratio