Question

Rahul started buisness with cash 100000 and paid 20000 into bank,purchase goods for 500000 and sold goods to vimal for 15000 also paid rent of 5000.hiw should i write this in a journal

Answer 1

Answer:

Working and Sleeping Partners

Sleeping partners are defined in the partnership agreement itself. The general definition of partnership is as follows, ‘When two or more people come together with a purpose of business to make a profit it is called partnership.’ The partnership is a very key topic in the competitive exam. The questions in this section cover a variety of topics from ratio and proportion, profit and loss, etc. One of the types of question asked in this topic is based on working and sleeping partners.