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If the partnership deed is silent on profit-sharing, profits will be shared in
ACapital ratio
BEqual ratio
CTime ratio
DDrawings ratio
Answer & Solution
Correct answer: B. Equal ratio
1. Section 13 of the Partnership Act controls the default.
2. When the deed is silent, profits and losses are shared equally regardless of capital or time.
3. Capital and time-ratio rules apply only if the deed expressly says so.
4. Hence the default is equal ratio.
_Source: Maharashtra Balbharati Std XII Book-Keeping & Accountancy, Ch 1 "Introduction to Partnership and Partnership Final Accounts", §1.2 ¶§1.2_
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