Partnership

What is the range of people allowed in a partnership?

• 2-10

• 2-15

• 1-20

• 2-20

In M&n business,consist 2 partner - Muhammad and nad

Muhammad give loan worth Rm 4,000 meanwhile Nad give loan worth Rm 5000 to the business.

What is the interest amount that the business must pay if there are no written agreement?

• Rm 310-Muhammad

  Rm 405-Nad

• Rm 320-Muhammad

  Rm 400-Nad

• Rm 400-Muhammad

  Rm 320-Nad

• Rm 5000-Muhammad

  Rm 4000-Nad

The owners might take too much money and resulting in a bad situation to the business and the other partner. to prevent this the business charge them. what is the name of the charge?

• interest on capital

• interest on loan

• interest on business

• interest on drawing

Compesation for the partners when they lend the business money is called...

• Interest on partner

• Interest on loan

• Interest on capital

• Interest on drawings

If a partner is given money for helping the business,it is called..

• Partner salaries

• Interest drawing

• Revenue of the business

• Interest on capital

The partnership receive 50 000 proft for the business but they dont have any sharing ration.How much for a partner if they only have 4 partners?

• 4 000

• 10 000

• 15 500

• 12 500

Which one of these is advantage of partnership?

• Partners have unlimited liability

• A partner will bear all the losses

• Partnership can have more capital