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Partnership capital

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student
87 Points Posted on 17 October 2014
is it mandatory to keep partners capital in profit sharing ratio in a partnership firm?
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On 17 October 2014 at 15:24 Report
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student
87 Points Posted on 20 October 2014
Can anyone tell???????
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On 20 October 2014 at 12:23
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ADVOCATE- TAXATION ADVISOR
427 Points Posted on 20 October 2014
Profit sharing ratio must be prescribed in deed, in the absence of mentioned profit sharing will be on the basis of capital balance
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On 20 October 2014 at 22:40
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student
87 Points Posted on 02 November 2014
Yes,profit sharing ratio has been prescribed in the deed. But can the capital contribution from different partners be different?
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On 02 November 2014 at 01:21


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