Question
Which of the following is not true about
partnership?Solution
Section 4 and 5 of Partnership Act Section4 DEFINITION OF "PARTNERSHIP", "PARTNER", "FIRM" AND "FIRM-NAME". "Partnership" is the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all. Persons who have entered into partnership with one another are called individually, "partners" and collectively "a firm", and the name under which their business is carried on is called the "firm-name". Section5 PARTNERSHIP NOT CREATED BY STATUS. The relation of partnership arises from contract and not from status; and, in particular, the members of a Hindu undivided family carrying on a family business as such, or a Burmese Buddhist husband and wife carrying on business as such are not partners in such business. Â
A certain number of students from school X appeared in an examination and 30% students failed. 150% more students than those from school X. appeared in ...
A seller calculated his intended selling price at 6% profit on the cost of a product. However, owing to some mistake while selling, the units and tens d...
Ramesh spends 15% of his income on house rent, 30% of the remaining on groceries, 40% of the remaining on children's education, and (3/10)th of the rema...
Income of A is twice the income of B. B and A spend 70% and 80% respectively of their incomes. Find the savings of A, if B saves Rs. 21000 in a month.
The difference between the value of the number increased by 10% and the value of the number decreased by 20% is 72. Find the number.
The price of wheat has increased by 45%. Mohit has decided to spend only 16% more than what he initially did on buying wheat. What is the percentage dec...
Weight of 'B' is 40% more than that of 'A' and 20% more than that of 'C'. Weight of 'A' is approximately how much percent less than that of 'C'?
- In 2020, the number of students in a school was 1,200. It rose by 15% in 2021, then fell by 10% in 2022, and finally rose by 25% in 2023. What was the tota...
'B' secured 28% marks in an examination, while 'A' obtained 276 marks. If A’s score exceeds B’s by 108 marks, determine the maximum possible marks i...
Out of 400 students in school, 40% students like samosa only and 20% students like samosa and momos both. If 30% students don’t like any snacks then f...
