In a partnership business at least……………….. Parters are needed.

What is partnership

Partnership busines is of 3 types.

Write whether the following statements are true or false: (i) In a partnership business it needs at least 3 persons in the business.

Fill in the blanks: (i) Partnership busines is of ______________type. (ii) Whithout any other conditions in partnership business if the capitals of all partners are invested for the same time, then such a business is called_____________. (iii) Without any other conditions in partnership business, if the capitals of all the partners are invested for different time period , then such a business is called________________.

In a partnership business the ratio of capitals of three men is 3 : 5 : 8. The share of profit of the first member is ₨. 60 less then that of the third member, then what is the total profit in the business?

In a partnership business of two men, capital and profit share of 1st man are Rs 12,000 and Rs 20,000 respectively. If the total profit of this business is Rs 30,000 then calculate the capital of 2nd man.

Partnership Deed is also called ………..

Write True or False In a partnership business, profit share will be distributed by the ratio of their capitals.

Fill in the blanks: Without any other conditions in a partnership business, if the capitals of all the partners are invested for different time period, then such a business is called____.

In a partnership business, the ratio of the capitals of three partners is 3:8:5, and the profit of 1st partner is Rs 60 less of the 3rd person, then calculate the total profit of that business.