The partnership deed is silent on payment of salary’ to partners. Amita, a partner claimed that since she managed the business, she should get a monthly salary of Rs. 10,000. Is she entitled for the salary? Give reason.

Post category:Accountancy
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SOLUTION

Amita is not entitled for the salary.
Reason: In the absence of the partnership deed or partnership deed is silent on payment of salary to partners, a partner is not entitled to claim any salary’.

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