Partnership Cheat Sheet

Complete guide to Partnership for competitive exams: basic concept of partnership (simple partnership and compound partnership), profit sharing ratio when capital invested for same time, profit sharing ratio when capital invested for different time periods, partnership with changes in capital (additional investment, withdrawal of capital), partnership with sleeping partner vs working partner (salary/commission to working partner), partnership with multiple changes over time, partnership with investments at different times (joining later), partnership with changing profit sharing ratios, partnership with guaranteed minimum profit, partnership with charity/donation deductions before profit distribution, finding individual profits from total profit, finding total profit from individual shares, partnership with interest on capital, dissolution of partnership, and shortcut tricks for SSC, Banking, Railway, UPSC, and other government exams.