In the absence of partnership deed partners share profits or losses ........

In the absence of partnership deed, partners share profits or losses :

In the ratio of their Capitals

In the ratio decided by the court

Equally

In the ratio of time devoted

- In the absence of a partnership deed, there's no formal agreement on how profits or losses should be shared.

- Option 1: In the ratio of their Capitals

- This suggests sharing based on each partner's capital contribution.

- Typically requires an agreement.

- Option 2: In the ratio decided by the court

- Court intervention generally occurs when disputes arise, not as a standard practice.

- Option 3: Equally

- Without a written agreement, profits and losses are shared equally by law.

- Option 4: In the ratio of time devoted

- Sharing based on time is unusual without consent.

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