Partnership Profit Distribution Quiz
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Questions and Answers

Y's share in a total annual profit of Rs. 450000 is calculated based on their investment duration and amount.

True

Q joined the investment at the same time as P in a partnership where P invested Rs. 4000.

False

A, B, and C initially invested Rs. 20000, Rs. 25000, and Rs. 10000 respectively, with no additional investments made by any partner.

False

In a profit ratio of 4:3, P must have invested Rs. 4000 for a full year while Q joined later.

<p>True</p> Signup and view all the answers

B withdrew Rs. 8000 after 4 months, affecting their share in the final profit distribution.

<p>True</p> Signup and view all the answers

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