SOLUTION
No, Ramesh’s claim is not valid as in the absence of partnership deed, profit are to be shared equally.
Suresh and Ramesh are partners in a firm with capitals of Rs. 3,00,000 and 4,00,000 respectively. They do not have a partnership deed. Ramesh wants to share the profits in the ratio of Capitals. State with reason whether the claim is valid?
- Post category:Accountancy
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