Question

partnership firm has three partners—X, Y and Z. Last year, X proposed to Yand Z that the firm should donate 5 per cent of firm’s profits to a non-government organisation (NGO) engaged in the education and health programs meant for children in the backward areas. X’s proposal was accepted and the firm donated ` 5 lac (i.e. 5 percent of the profits) to an NGO with the instruction that ` 2 lac be used for buying books and stationery for children and ` 3 lac for providing health facilities to children in the backward areas.(a) Is the action of the firm justified? Why?(b) What values are being promoted by the firm?


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Answer 1

Answer:

• (a) answer is no
• (b),the values which are being promoted by the firm is that ...... every person would got equal share in profit or loss
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Answer 2

Answer:

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