Question

Assertion (A): Priti, Riya and Sarita are partners. As per partnership deed Priti is to be allowed a salary of ₹ 8,000 per month. Riya and Sarita also demand the same salary. Salaries to Riya and Sarita is to be allowed.

Reason (R): In the absence of mention of salaries to Riya and Sarita in the partnership deed, salaries to Riya and Sarita are not to be allowed.

In the context of the above two statements, which of the following is correct?

पर्याय

• Both (A) and (R) are correct and (R) is the correct reason of (A).

• Both (A) and (R) are correct but (R) is not the correct reason of (A).

• Only (A) is correct.

• Only (R) is correct.

Answer 1

Only (R) is correct.

Explanation:

According to the Indian Partnership Act, no partner is entitled to a salary unless it is specifically mentioned in the partnership deed. In this case, only Priti is entitled to a salary as per the deed. Riya and Sarita cannot demand or be allowed salaries just because Priti gets one. Since Assertion is incorrect (it wrongly says salaries are to be allowed to Riya and Sarita), but Reason is correct (salaries are not to be allowed if not mentioned in the deed), the right answer is only (R) is correct