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A, B and C started partnership business on 1st January, 2019 with a capital of mathcal < 1="" ,0000,="" 80,000="" and="" 60,000="" respectively.="" on="" 1st="" april,="" they="" decided="" to="" have="" their="" capital="" as="" 80,000="" each.="" profit="" for="" the="" year="" 2019="" was="" 48,000.="" you="" are="" required="" to="" apportion="" the="" profit="" of="" the="" firm="" in="" their="" capital="" ratio.?="" 1="" ,0000,="" 80,000="" and="" 60,000="" respectively.="" on="" 1st="" april,="" they="" decided="" to="" have="" their="" capital="" as="" 80,000="" each.="" profit="" for="" the="" year="" 2019="" was="" 48,000.="" you="" are="" required="" to="" apportion="" the="" profit="" of="" the="" firm="" in="" their="" capital="" />
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A, B and C started partnership business on 1st January, 2019 with a ca...
Partnership Business of A, B and C
Introduction
A, B, and C started a partnership business on 1st January 2019. The partnership agreement was made with the following terms:
Capital
Each partner contributed a certain amount of capital to the business. The total capital of the business was mathcal.
Profit and Loss Sharing
The profits and losses of the business were to be shared among the partners in the following ratios:
- A: 40%
- B: 30%
- C: 30%
Roles and Responsibilities
Each partner was assigned specific roles and responsibilities in the business. A was responsible for managing the day-to-day operations of the business, B was responsible for marketing and sales, and C was responsible for accounting and finance.
Duration
The partnership agreement was for a period of 5 years, starting from 1st January 2019 and ending on 31st December 2023.
Conclusion
A, B, and C started a partnership business with a total capital of mathcal. The profits and losses were to be shared among the partners in the ratio of A:40%, B:30%, and C:30%. Each partner was assigned specific roles and responsibilities, and the partnership agreement was for a period of 5 years.
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A, B and C started partnership business on 1st January, 2019 with a capital of mathcal
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A, B and C started partnership business on 1st January, 2019 with a capital of mathcal for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about A, B and C started partnership business on 1st January, 2019 with a capital of mathcal covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A, B and C started partnership business on 1st January, 2019 with a capital of mathcal .
A, B and C started partnership business on 1st January, 2019 with a capital of mathcal for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about A, B and C started partnership business on 1st January, 2019 with a capital of mathcal covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A, B and C started partnership business on 1st January, 2019 with a capital of mathcal .
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