In obsence of partnership deed what are the rules relating to profit loss sharing ratio and salaries to partner?

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Next Question:
What is the Standard Presentation of profit & Loss Statement for a Costing D...
Posted by:
Waqas Ahmed
03-December-2017

Friendly Personality

Question added by Deepak Gupta
Date Posted: 2018/07/13

Upvote (0) Views (0) Followers (0) Answers (0) Report Question

Be the First to Answer
Register now or log in to answer.

0 Answers

Popular Searches

Engineers Jobs Software Engineer Jobs Sales Executive Jobs Operations Executive Jobs Architect Jobs

Write Your Answer

More Questions Like This

J and K are partners sharing profits in the ratio of 3:2. C is admitted as a partner. The new profit sharing ratio among J, K and C is 4:3:2.?
Top Answer: Say a profit of60 is shared between J and K as36 and24 respectively. If C comes, it'll be shared as26.6:2 ... See More

Answers (2)
If there is no partnership deed, the profit will be shared by the partners___?
Top Answer: Profit will be distributed among the partners equally. The right answer is option-b. ... See More

Answers (25)
I HAVE NOTICED THAT MOST COMPANIES RULE OUT CANDIDATES WITH A HIGHER SALARY RANGE AND ONLY CONSIDER CANDIDATES WITH LAW SALARY EXPECTATIONS,DON'T YOU?
Top Answer: <p>I agree. Some companies (or individuals) unfortunately rule out the deserving candidate only on ... See More

Answers (6)
In case of insufficient profits ( i.e., profits less than interest on capital) then the profits are distributed in: ?
Top Answer: Capital Ratio.................... See More

Answers (4)

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.