Question : In the absence of an agreement, partners are entitled to

Option 1: Salary

Option 2: Commission

Option 3: Interest on loans and advances

Option 4: Profit share in capital ratio

Question : In the absence of an agreement, partners are entitled to

Option 1: Salary

Option 2: Commission

Option 3: Interest on loans and advances

Option 4: Profit share in capital ratio

Question : In the absence of agreement, partners are not entitled to:

Option 1: Salary 

Option 2: Commission 

Option 3: Equal share in profit 

Option 4: Both (1) and (2) 

Question : In the absence of partnership deed, the following rule will apply:

Option 1: No interest on capital 

Option 2: Profit sharing in capital ratio

Option 3: Profit based salary to working partner 

Option 4: 9% Interest on drawing

Question : In the absence of a partnership deed, the profit of a firm is distributed among the partners.

Option 1: In the ratio of capital.

Option 2: Equally

Option 3: In the ratio of time dereted for the firms business.

Option 4: according to the managerial abilities of the partners.