LLP Act Section 5. Partners—Any individual or body corporate may be a partner in a limited liability partnership: Provided that an individual shall not be capable of becoming a partner of a limited liability partnership, if— (a) he has been found to be of unsound mind by a Court of competent jurisdiction and the finding is in force; (b) he is an undischarged insolvent; or (c) he has applied to be adjudicated as an insolvent and his application is pending
A, B and C started a business together. The ratio of the investment of A to that of B was 5 : 6 and the ratio of the investment of B to that of C was 12...
A and B together started a business with initial investment in the ratio of 1:13, respectively. The time-period of investment for A and B is in t...
A and B started a business by investing Rs. 18,000 and Rs. 27,000 respectively. A also worked as the active manager and for that he is entitled to recei...
A started a business with an investment of Rs.1500. After some months, B joins the business with an investment of Rs.3000 and after two more months C jo...
Ravi and Suman are partners in a business. Ravi (working) puts in Rs. 4000 and Suman (sleeping) puts in Rs. 8000. Ravi receives 10% of the profit for ma...
Palash invest twice the sum invested by Vicky and withdraws half of the sum after 4 months and again withdraws half of the remaining sum after 2 months....
Aman, Bhanu, and Chikku jointly initiated a business with a total investment of Rs. 80,000, of which Aman invested Rs. 24,000. After 6 months, Aman adde...
The contributions made by A and B are in the ratio of 6:5. If 12% of total profit is donated and A gets 1320 as his share of profit, what is the total p...
A and B together started a business with initial investment in the ratio of 4:5, respectively. The time-period of investment for A and B is in th...
P and Q together started a business with initial investment in the ratio of 1:13, respectively. The time-period of investment for P and Q is in the rati...
