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Rajesh and rajnish bought 20 quintal of sugar and both of them divided it equally between themselves . Are rajesh and rajnesh are partners?
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Rajesh and rajnish bought 20 quintal of sugar and both of them divided...
Are Rajesh and Rajnish Partners?
Yes, Rajesh and Rajnish are partners. Below are the reasons:
Joint Ownership of Sugar
- Rajesh and Rajnish jointly bought 20 quintals of sugar
- Both of them divided the sugar equally between themselves
Sharing of Profits and Losses
- Since Rajesh and Rajnish jointly own the sugar, they will share the profits and losses that arise from the sale of the sugar
- If they sell the sugar at a profit, they will share the profit in the same ratio as they divided the sugar
- If they sell the sugar at a loss, they will share the loss in the same ratio as they divided the sugar
Liability for Debts
- Since Rajesh and Rajnish are partners in the sugar business, they will be jointly liable for any debts incurred in the course of the business
- If the business incurs a debt, both Rajesh and Rajnish will be responsible for repaying it
Conclusion
- Based on the joint ownership of the sugar, sharing of profits and losses, and liability for debts, it can be concluded that Rajesh and Rajnish are partners in the sugar business
- They are jointly responsible for the success or failure of the business
Community Answer
Rajesh and rajnish bought 20 quintal of sugar and both of them divided...
I don't think so because if they would be the partners then they do not do so i dont think that there is any partnership among them
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Rajesh and rajnish bought 20 quintal of sugar and both of them divided it equally between themselves . Are rajesh and rajnesh are partners?
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Rajesh and rajnish bought 20 quintal of sugar and both of them divided it equally between themselves . Are rajesh and rajnesh are partners? for Class 11 2025 is part of Class 11 preparation. The Question and answers have been prepared according to the Class 11 exam syllabus. Information about Rajesh and rajnish bought 20 quintal of sugar and both of them divided it equally between themselves . Are rajesh and rajnesh are partners? covers all topics & solutions for Class 11 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Rajesh and rajnish bought 20 quintal of sugar and both of them divided it equally between themselves . Are rajesh and rajnesh are partners?.
Rajesh and rajnish bought 20 quintal of sugar and both of them divided it equally between themselves . Are rajesh and rajnesh are partners? for Class 11 2025 is part of Class 11 preparation. The Question and answers have been prepared according to the Class 11 exam syllabus. Information about Rajesh and rajnish bought 20 quintal of sugar and both of them divided it equally between themselves . Are rajesh and rajnesh are partners? covers all topics & solutions for Class 11 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Rajesh and rajnish bought 20 quintal of sugar and both of them divided it equally between themselves . Are rajesh and rajnesh are partners?.
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