About this document
Partnership Types and Formulas by Jayamurugan Jayakumar is a document available to read on EtoBox.
Partnership involves two or more people running a business jointly. There are two types of partnerships: simple and compound. In a simple partnership profits and losses are shared based on investment ratios, while in a compound partnership time invested is also considered in the ratio calculation. Partners can be working partners who manage the business or sleeping partners who only invest money. Time and work problems follow rules like the time to complete work varying inversely with the number of workers
- Author
- Jayamurugan Jayakumar
- Language
- EN