sunny and priyansu, the two partners of a business firm, agreed to appropriate the profit of the firm on the following terms: (i) interest on drawing to be charged from the partner@ 5% per annum. (ii) priyansu will get commission @ 1% on the sale made during the year. (iii) interest on loan to the partner (@ 10% per annum. (iv) interest is payable on capital @ 5% per annum. (v) sunny will be entitled to a salary of rs 5000/- per month
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A constitution can be either unitary or federal. A unitary system is governed constitutionally as one single unit, with one constitutionally created legislature.
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Distinguish between the Unitary and Federal systems of government.
Federal government Unitary government
Power and responsibilities are shared between national and local levels. Power is placed in one central governing system
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