Partnership Concept And Formulas - Aptitude Questions And Answers

Partnership Concept And Formulas - Aptitude Questions And Answers


  • Posted by  Sowmya 
    29 Jan, 2012

    1. Partnership: When two or more than two persons run a business jointly, they are
    called partners and the deal is known as partnership.

    2. Ratio of Division of Gains:
    i) When investments of all the partners are for the same time, the gain or loss is distributed among the partners in the ratio of their investments.
    Suppose A and B invest Rs. x and Rs. y respectively for a year in a business, then at the end of the year:
    (A's share of profit) : (B's share of profit) = x : y.
    ii) When investments are for different time periods, then equivalent capitals are calculated for a unit of time by taking (capital x number of units of time). Now, gain or loss is divided in the ratio of these capitals.

    Suppose A invests Rs. x for p months and B invests Rs. y for q months, then
    (A's share of profit) : (B's share of profit) = xp : yq.

    3. Working and Sleeping Partners: A partner who manages the business is known as a working partner and the one who simply invests the money is a sleeping partner.

  • 22 Sep, 2013

    Please Update Short Cut Formuls For Entire PartenerShip Concept

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