Podcast
Questions and Answers
Y's share in a total annual profit of Rs. 450000 is calculated based on their investment duration and amount.
Y's share in a total annual profit of Rs. 450000 is calculated based on their investment duration and amount.
True (A)
Q joined the investment at the same time as P in a partnership where P invested Rs. 4000.
Q joined the investment at the same time as P in a partnership where P invested Rs. 4000.
False (B)
A, B, and C initially invested Rs. 20000, Rs. 25000, and Rs. 10000 respectively, with no additional investments made by any partner.
A, B, and C initially invested Rs. 20000, Rs. 25000, and Rs. 10000 respectively, with no additional investments made by any partner.
False (B)
In a profit ratio of 4:3, P must have invested Rs. 4000 for a full year while Q joined later.
In a profit ratio of 4:3, P must have invested Rs. 4000 for a full year while Q joined later.
B withdrew Rs. 8000 after 4 months, affecting their share in the final profit distribution.
B withdrew Rs. 8000 after 4 months, affecting their share in the final profit distribution.
Flashcards
Partnership Profit Sharing
Partnership Profit Sharing
A method of distributing profit among partners based on their investment amounts and durations.
Profit Ratio Calculation
Profit Ratio Calculation
Determining the portion of profit each partner receives based on their investment and duration.
Investment Duration
Investment Duration
The period of time for which an individual's investment remains in a business during profit sharing.
Investment Amount
Investment Amount
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Partnership Investment Problem
Partnership Investment Problem
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