Question

In the absence of partnership deed, partner:

• A. Shall be paid salaries
• B. Shall not be paid salaries
• C. Active partner shall be paid salaries
• D. None of these

Hint:

Default rule: No salary, equal profit sharing, 6% interest on loans only if deed is absent.

Answer 1

The Correct Option is B

Step 1: Provision of Partnership Act, 1932.
If no partnership deed is made, certain rules of the Act automatically apply.
Step 2: Rule regarding salaries.
As per the Act, no partner is entitled to salary for participating in business unless a written agreement (deed) allows it.
Step 3: Conclude.
Therefore, in the absence of a partnership deed, partners shall not be paid salaries.
Final Answer: \[ \boxed{\text{Shall not be paid salaries}} \]