Partnership - Quiz

A and B are Partners .A drew Rs 20000 .If the rate of Interest on Drawing is 5% per annum then ______ will amount of interest on drawing.

• 1000

• 500

• 100

• 50

Ram , a partner in a partnership firm withdrew Rs. 7,000 in the beginning of each month.Interest on drawing would be charged for------.

• 6.5 months

• 5.5 months

• 4.5 months

• 3.5 months

To start a partnership business, what should be the minimum number of partners?

• 4

• 3

• 2

• 1

Rs. 700 is divided among A, B and C so that A receives half as much as B and B receives half as much as

C. Then C’s share is :

• Rs. 500

• Rs. 400

• Rs. 300

• Rs. 200

In a business, A and B invested amounts in the ratio of 2 : 1, whereas the ratio between and B was 3 : 2. If

the firm earned a profit of Rs. 1,20,000, how much amount did B receive?

• 48000

• 24000

• 12000

• 96000