Somesh and ramesh are partners in a firm with capitals of Rs. 3,00,000 and RS. 4,00,000 respectively they do no have a apartnership Deed . Ramesh want
Somesh and ramesh are partners in a firm with capitals of Rs. 3,00,000 and RS. 4,00,000 respectively they do no have a apartnership Deed . Ramesh wants to share the profits in the ratio of capital .state with reasons whether the claim is vilid or not .
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No,the claim is not valid. In the absence of Partnership Deed profit should be distributed equally.
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