Sumit and Ravi started a business by investing Rs. 85000 and 15000 respectively. In what ratio the profit earned after 2 years be divided between Sumit and Ravi respectively.

(a)

17:1

(b)

17:2

(c)

17:3

(d)

17:4

Total proprietorship of the business is increased ______________

(a)

at the admission of a new partner

(b)

by the purchase of asset

(c)

by admission through investment

(d)

All of these

A partner who is newly admitted to the firm with the consent of all the parties is called _________

(a)

Salaries Partner

(b)

Incoming partner

(c)

Junior partner

(d)

Minor partner

When a new partner is admitted under bonus method capital method of the firm increase by __________

(a)

the new investment

(b)

less than the new investment

(c)

Zero

(d)

More than the new investment

Introduction of a new partner due to _________

(a)

Need to more capital

(b)

Fresh ideas and more contacts

(c)

Obtaining of a skilled and reputable person

(d)

All of the above