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 sum of money is to be distributed among A, B, C, D in the proportion of . What is B's share, if C gets more than D ?

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.

Profit earned by an organisation is distributed among officers and clerks in the ratio of respectively. If the number of officers is and the number of clerks is and the amount received by each officer is Rs., what was the total amount of profit earned?

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

Two friends and started a business investing amount in the ratio of . joined them after investing an amount equal to that of amount. At the end of year profit was earned which was equal to . What was the amount invested by ?

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.

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 ?

In the absence of agreement between the partners, on the death of a partner, his legal representatives are entitled to _____.

Three partners A, B and C shared the profit in a business in the ratio . They had partnered for months, months and months respectively. Find the ratio of their investments.

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______.

started a business investing in year . In year he invested an additional amount of and joined him with an amount of . In year , invested another additional amount of and joined them with an amount of . What will be share in the profit of earned at the end of three years from the start of the business in ?

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

“A', 'B' and 'C' enter into a partnership with a capital in which A' contribution is . If out of a profit of . 'A' gets and 'B' gels ,then the contribution of C to the capital 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.

In the following question, two statements are given regarding the partnership and choose the correct statement.
In partnership only two partners are involved.
The profit is shared equally between partners not workload.
