Partnerships in Business
Partnerships in Business: Overview
This topic covers concepts, such as, Partnerships in Business, Definition of Partnership, Ratio of Divisions of Gains & Partnerships in Time and Work etc.
Important Questions on Partnerships in Business
A, B and C invested ₹ , ₹ And ₹ . If A gets ₹ As profit, what will C get ?

A and B enter into partnership. A supplies whole of the capital amounting to Rs. 45,000 with the condition that the profits are to be equally divided and that B pays A interest on half of the capital at 10% per annum but receives Rs. 120 per month for carrying on the concern. Find total yearly profit, when B's income is one half of A's income.

Identify the figure that completes the pattern.

In an alloy, the ratio of copper and zinc is . If of zinc is mixed in of alloy, then the ratio of copper and zinc will be _____.

When a partnership is not registered, a partnership firm is _____.

X,Y,Z started a partnership business by investing Rs. 5,000 each. After 6 months 'Y' withdrew from the business and 'Z' added Rs. 5,000 to his investment. At the end of the year the total profit earned is Rs. 18,000. Find the share of 'Z' in the profit.

men and women can complete a piece of work in . All of them started working together and after working for the women stop working. men completed the remaining work in . How many days will it take for completing the entire job if only women are put on the job?

A starts business with a capital of ₹ . Five months later B joins and further two months later C joins them. What amount of capital is put in by B and C, if at the end of the year their shares of profit are as ?

amounts to in at a certain rate of simple interest. If the rate of interest is increased by , it would amount to how much?

A trader has three varieties of milk measuring litres, litres and litres. What is the minimum number of containers of equal size that are required, so that the whole of milk is filled in them without mixing?

Water is flowing at the rate of through a pipe of diameter into a rectangular tank which is long and wide. Determine the time in which the level of water in the tank will rise by (Take )

are divided among A, B and C so that more than of A's share, more than of B's share and more than of C's share are all equal. A's share is______.

can do a piece of work in . He starts working, but having some other engagements he drops out after . Thereafter, completes this work in . How many days would and take to complete this work working together

On which of the following grounds, court may dissolve a firm at the suit of a partner?

A person borrows ₹ for years at per annum simple interest. He immediately lends it to another person at per annum simple interest for years. His gain in the transaction is _____

Four Milkmen rented a pasture. grazed cows for months, grazed cows for months, grazed cows for month and grazed cows for months. If share of rent is . What is share of rent?

Choose the correct statement regarding the partners in business.
Active partner acts as an agent as he carries daily business on behalf of all partners.
Active partner can retire from the firm or business without giving notice.

Choose the incorrect statement regarding partnership in business.
There are six types of partners in business.
Active partner is one of types of partners in business. It is also known as dormant partners.

Choose the correct statement regarding partnership in business.
Sleeping partner is not one of the types of partners in business.
Sleeping partner participate in daily functioning of the firm.

In the following question, two statements are given regarding partnership and answer the following question.
It is a business where informal agreement is made between two or more partners
It involves a formal agreement between two or more partners.
