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If the partnership deed is silent on profit-sharing ratio, profits and losses are shared
AIn the ratio of capital contribution
BEqually among the partners
CBy the senior partner only
DBy the partner who manages the firm
Answer & Solution
Correct answer: B. Equally among the partners
Section 13 of the Indian Partnership Act 1932 directs equal profit-sharing if the deed is silent — irrespective of capital contributed.
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