According to Indian Partnership Act, 1932 the mutual rights and duties of partners in a firm can be determined by:
Section 11 of Indian Partnership Act, 1932 Subject to the provisions of this Act, the mutual rights and duties of the partners of a firm may be determined by contract between the partners, and such contract may be expressed or may be implied by a course of dealing. Such contract may be varied by consent of all the partners, and such consent may be expressed or may be implied by a course of dealing. (2) Notwithstanding anything contained in section 27 of the Indian Contract Act, 1872 (9 of 1872), such contracts may provide that a partner shall not carry on any business other than that of the firm while he is a partner.
A bag contains 550 coins of 25p denomination and 1100 coins of 50p denominations. If 11% of 25p coins and 22% of 50p coins are removed, the percentage o...
Calculate the % change in Anuradha's monthly expenditure when her income experiences a 32% increase, while her monthly savings, which normally accounts ...
A car manufacturing company manufactures 4,650 cars, 7,500 cars and 9,860 cars of A, B and C type respectively. If 24% of A type, 39% of B typ...
P spends 26% of his salary on transportation, 24% on food, 22% on children’s education and 19% on medical. He deposits the remaining amount of Rs....
In a company, there are either male or female employees. There are x% male employees in the company. The number of female employees that are skilled are...
A spent 30% of his monthly income on study and 60% of the remaining on rent. If amount spent on rent is Rs. 840, then find the amount spent on study
The marks scored by a boy in three subjects are in the ratio 3 : 5 : 7. Boy scored an overall aggregate of 70% in the exam. If the maximum marks in each...
A man spent 50% of his income in May. If his savings is increased by 30% in June and becomes Rs. 9100, then find the income of man in May.
A salesman is allowed 24% commission on the total sales by him and a bonus of 1% on the sales over Rs. 25000. If the total earnings of a salesman is Rs...
A product, coffee beans, was marked up by 40% above the cost price and sold at a discount of ____%. The profit earned by the retailer is ____%. The valu...
