As per the Indian Partnership Act, 1932 S. 15 APPLICATION OF THE PROPERTY OF THE FIRM. Subject to the contract between the partners, the property of the firm shall be held and used by the partners exclusively for the purposes of the business.
A and B together start a business with investment of Rs. 2100 and Rs. (x + 800), respectively. If the profit earned after 5 years is Rs. 7000 and share ...
‘K’ and ‘L’ started a business by investing Rs. 42,000 and Rs. 35,000, respectively. ‘L’ manages the business and for that he is entitled to...
'Akash', 'Bishnu', and 'Chintu' formed a partnership with investments of Rs. 4800, Rs. 3600, and Rs. 6400, respectively, for durations of 8 months, 1 ye...
'A' and 'B' started a business by investing Rs. '7x' and Rs. '5x' respectively. Nine months later, 'A' withdrew Rs. 600 from his investment whereas 'B' ...
"Karan" and "Arjun" launched a business, with "Karan" contributing 25% more capital than "Arjun." 8 months later, 'Arjun' pulled out of the investment. ...
‘X’ started a business with a capital of Rs. 30000. After 3 months, ‘Y’ joined the business with a capital of Rs. 25000. 6 months after ‘Y’,...
Anuj and Bheem began a business by investing Rs. Z and Rs. (Z + 2,500), respectively. After operating together for 16 months, Anuj withdrew from the bus...
‘M’ started a business with an investment of Rs. 2800. After 4 months ‘N’ joins the business with an investment of Rs. 2300. If the total profit...
A and B started a business by investing Rs.450 and Rs.600 respectively. After 8 months, A increased his investment by Rs.850. Find the ratio of annual p...
A and B enter into a partnership with their initial sum of Rs.18000 and Rs.24000 respectively. After 4 months, a third person C also joins them with his...
