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Partnership :-

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IMPORTANT EXAMPLES
::Important Formulas

Here Some Basic Formulas/Rules Are given below :-

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

    1. Ratio of Division of Gains :
    2. 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.

    3. 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.

  2. 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.

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