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Simran and Aditi are partners in a partnership firm in the absence of any written agreement. Simran devotes more time to the firm as compared to Aditi. So, Simran will receive what percentage of commission in addition to the profit in the firm's profit?
31. Simran and Aditi are partners in a partnership firm in the absence of any written agreement. Simran devotes more time to the firm as compared to Aditi. So, Simran will receive what percentage of commission in addition to the profit in the firm's profit?
- 10 % of Profit
- 8 % of Profit
- 6 % of Profit
- None of the above
Answer: D) None of the above
Explanation:
Due to the absence of a partnership firm agreement Simran will not get any commission in the firm's profit.