UGC NET Questions (Paper – 1)

Reset

Q: Which of the following statements about partnership profit sharing are correct?

(A) In a simple partnership, partners share profit in the ratio of capital invested multiplied by the time period of investment;
(B) If A invests twice as much as B for the same period, A’s share in the profit is double that of B;
(C) If partners invest the same amount but for different time periods, profit shares depend only on the capital and not on time;
(D) A sleeping partner contributes capital to the business but does not take any share of profit;
(E) Partnership problems can often be solved using the concepts of ratio and proportion;
Choose the correct answer from the options given below:

Scroll to Top