without any other conditions is partnership business if the capital of all partners are invested different time period then such abusiness is
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Answer:
When two or more persons agree to form an organization and run a business jointly, then such a business is called a partnership business. There are certain costs associated with any kind of business. So, a certain amount a money is required to start a business. This sum of money which is invested in the business is called capital. In a partnership business, each of the partners invests a certain sum of money, i.e. a part of the capital, to run the business.
Answer:
To start a business there is always a requirement of an adequate amount of money which in business terms called “INVESTMENT” OR “CAPITAL”. It is not necessary that a person always has enough money to start a business. In this case, he tries to get partners who are interested in his business.
Two or more people can get together to do business by pooling their resources. The people who have invested money in the partnership are called PARTNERS.
While two or more partners would have invested money, it is not necessary that all of them should be involved in the day to day running of the business. The partners involved in the day-to-day activities are called “working partners” and the others are called “sleeping partners” or “dormant partners”.
The profits left after paying the working partners’ remuneration are shared amongst all the partners.
Sometimes, the partners also take interest in their investment and only the remaining profits are shared by the partners.
Sharing of profits among the partners also depends on the understanding between the partners. However, if no special scheme of sharing the profits is specified (in a problem), then the profits are shared based on the investments of the partners. There are three different possibilities that exist here.
If the partners invest DIFFERENT amounts each for the SAME period of time, then the profits at the end of the year are shared in the ratio of their investments.
If the partners invest the SAME amounts for a DIFFERENT period of time, then the profits at the end of the year are shared in the ratio of the time periods for which their respective investments have been in business.
If the partners invest DIFFERENT amounts and the time periods for which their investments are in the business are also DIFFERENT, then the profits at the end of the year are shared in the ratio of the product (investment * time period) for each partner.
There can be problems that are modeled along with the sharing of profits in partnerships.
Step-by-step explanation: