In general business partnership firm maximum ________ partners are allowed. 

In general business partnership firm maximum ________ partners are allowed. 
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In general business partnership firm maximum ________ partners are allowed. (a) 2 (b) 20 (c) 50
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Business Partnership Agreement?

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Description : A and B entered into a partnership investing Rs. 16000 and Rs. 12000 respectively. After 3 months, A withdrew Rs. 5000 while B invested Rs. 5000 more. After 3 more months C joins the business with a capital of Rs. 21000 ... of Rs. 26400 after one year by A.Rs. 2400 B.Rs. 3600 C.Rs. 3000 D.Rs. 4800 

Last Answer : Answer: B (Rs. 3600) Explanation: A:B: C = 16000 x3 + 11000×9:12000 x 3 + 17000 x 9:21000 x 6 = 147:189:126 = 7:9:6 Difference of B and C’s shares = Rs. [26400 x (9/22) — 26400 x (6/22)) = Rs. 3600.

P and Q started a partnership business investing some amount in the ratio of 3:5. R joined them after six months with an amount equal to that of Q. In what proportion should the profit at the end of one year be distributed among P, Qand R? A.5 : 8 : 10 B.6 : 10 : 5 C.6 : 4 : 10 D.10 : 6 : 3

Description : P and Q started a partnership business investing some amount in the ratio of 3:5. R joined them after six months with an amount equal to that of Q. In what proportion should the profit at the end of one year be distributed among P, Qand R? A.5 : 8 : 10 B.6 : 10 : 5 C.6 : 4 : 10 D.10 : 6 : 3

Last Answer : Answer – B (6 : 10 : 5) Explanation – Let the initial investments of P and Q be 3a amd 5a. P : Q : R = (3a x 12) : (5a x 12) : (5a x 6) = 36 : 60 : 30 = 6 : 10 : 5.

When two companies, who are usually rivals, come together to do business on a worldwide basis, this partnership is known as a A)joint venture B)strategic alliance C)multinational venture D)joint licensing

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Last Answer : B)strategic alliance

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Last Answer : B. sole proprietorship.

Ananya and bheeman started a partnership business investing some amount in the ratio of 3:7. Chandru joined them after 6 months with an equal amount of bheeman. In what proportion should thr profit at the end of 1 year be distributed among ananya, bheeman, and chandru? A) 5:6:7 B) 7 :12;4 C) 6:11:5 D) 6:14:7

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Last Answer : Answer: D) Let the investments of ananya,bheeman be 3x and 5x Ananya : bheema : chandru = (3x*12 ) : (7x *12 ) : (7x *6) =36x : 84x :42x =6 : 14 :7

P, Q, R enter in business partnership. P invests some money at the beginning, Q invests thrice times the amount after 4 months and R invests 6 times the amount after 8 months. If the annual profit be Rs 61260, R's share is A) 41700 B) 45870 C) 47860 D) 40840

Description : P, Q, R enter in business partnership. P invests some money at the beginning, Q invests thrice times the amount after 4 months and R invests 6 times the amount after 8 months. If the annual profit be Rs 61260, R's share is A) 41700 B) 45870 C) 47860 D) 40840

Last Answer : Answer: D)  Let initial investment of P be X  Q’s initial investment after 4 month is 3 X  R’s initial investment after 8 months is 6X  Profit ratio of P,Q&R is,  X*12:3x*4:6x*8=12:12:48=1:1:4  R’s share =61260*4/6=Rs.40840

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Last Answer : 2. No.

Overdraft facility is allowed to __________ account. 

Description : Overdraft facility is allowed to __________ account. 

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Which one of the following contingent fee is allowed? a. All services performed by a CPA film. b. Non-attestation services. c. Non-attestation services, unless the CPA firm was also performing attestation services for the same client. d. Attestation services

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Last Answer : Non-attestation services, unless the CPA firm was also performing attestation services for the same client