Question
If a partner earns some profit for himself from the
business of the firm?Solution
As per The Indian Partnership Act, 1932 Section16 PERSONAL PROFITS EARNED BY PARTNERS. Subject to the contract between the partners, - (a) if a partner derives any profits for himself from any transaction of the firm, or from the use of the property or business connection of the firm or the firm-name, he shall account for that profit and pay it to the firm ; (b) if a partner carries on any business of the same nature as and competing with that of the firm, he shall account for and pay to the firm all profits made by him in that business. Â
'A' and 'B' together can do a piece of work in 12 days while 'B' and 'C' together can do the same work in 20 days. 'A' started the work alone and worke...
24 men can complete 3/5 part of a work in 8 days working 9 hours a day. How many women can complete rest of the work if they work for 8 hours a day for ...
- 'Karan', 'Ravi', and 'Deepak' together can complete a work in 24 days. 'Karan' and 'Ravi' together can complete the same work in 96 days. 'Deepak' alone ca...
- Karan is capable of doing 50% of a job in 25 days, while Meera does 25% of it in 20 days. Karan works for 20 days and then leaves. How many days will Meera...
David can complete a work alone in 30 days, while Ethan can complete the same work in 50 days. Both of them started the work together and worked till 96...
A 210 litres mixture contains only water and phenyl in the ratio 3:2, respectively. If 60 litres of this mixture is replaced with 100 litres of alcohol,...
A man can do a work in 20 days and a woman can do the same work in 30 days. In how many days will 3 men and 5 women do the work?
P is 60% more efficient than Q. P takes 30 more days to finish a work as compared to the number of days taken by P and Q together to finish the same wor...
Virat can do a piece of work in 28 days and Sachin can do the same work in 42 days. If Virat works for 4 days and got Rs. 1800, and the remaining work w...
20 women can complete a task in 10 days by working 6 hours per day. How many women are required to complete the task in 5 days by working 8 hours per day?
