Partnership capital

amber agrawal (student) (87 Points)

17 October 2014

is it mandatory to keep partners capital in profit sharing ratio in a partnership firm?

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3 Replies

amber agrawal (student) (87 Points)
Replied 20 October 2014

Can anyone tell???????

NAVEESH DHAR (ADVOCATE- TAXATION ADVISOR) (427 Points)
Replied 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

amber agrawal (student) (87 Points)
Replied 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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