Partnership

Explanation / Important formulas:

Ratio of Divisions of Gains:

  • When investments of all the partners are for the same time, the gain or loss is distributed among the partners in the ratio of their investments
  • Suppose A and B invest Rs. x and Rs. y respectively for a year in a business, then at the end of the year:  (A’s share of profit) : (B’s share of profit) = x : y
  • When investments are for different time periods, then equivalent capitals are calculated for a unit of time by taking (capital x number of units of time). Now gain or loss is divided in the ratio of these capitals
  • Suppose A invests Rs. x for p months and B invests Rs. y for q months then, (A’s share of profit) : (B’s share of profit)= xp : yq

Working and Sleeping Partners:

  • A partner who manages the business is known as a working partner and the one who simply invests the money is a sleeping partner

Instructions to take Aptitude Test

  • Click on start to start taking the test.
  • Click on the option (A, B, C or D) to figure out the right answer.
  • You can answer multiple times till you get the right answer.
  • Once you get the right answer, explanations (if any) for the same will be showcased down.
  • On click of list, you get to see total no of questions, no of questions you answered and no of questions pending to answer.
  • On click of question number you will go to that particular question.
  • On click of END your test will end.
  • On click of ‘Get Results’ you will get to see correct answer for each questions.

Partnership - Test



Partnership - Question and Answers

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Start
Congratulations - you have completed Partnership - Question and Answers.

You scored %%SCORE%% out of %%TOTAL%%.

Your performance has been rated as %%RATING%%

Your answers are highlighted below.


LEAVE A REPLY

Please enter your comment!
Please enter your name here