We have been working very hard since 2009 to facilitate in your learning Read More. We can't keep up without your support. Donate Now.

www.bit.ly/vucodes

+ Link For Assignments, GDBs & Online Quizzes Solution

www.bit.ly/papersvu

+ Link For Past Papers, Solved MCQs, Short Notes & More


Dear All.

Sorry but I have not yet uploaded or even made this assignment even in a draft
till yet, but its really simple.
I'm giving off what I know right here, the amendments and the rest filling APP
SAB KHUD KARAINGAY
Please note that this is just for your Idea.

Please DO NOT COPY PASTE (else 0 zero marks are always welcome for copy cats
)


1) What was the original form of business?
Sole proprietor ship, single person owning and running the business.

2) What form of business will be created between Mr. Akram and Mr. Ajmal?
Partnership
Partnership means a lawful business owned by two or more persons. The profit of
the business shared by the partners in agreed ratio. The liability of each
partner is unlimited. Small and medium size business activities are performed
under this organization.
(Keeping in mind that his father has died and he cannot leave his job at the
moment)

3) What will be the Akram’s Status in this business?
Sleeping partner
A partner who only contributes is the capital but does not take part in the
management of the business is known as sleeping partner. He is liable to pay
the obligations of the firm.

4) What will be the Ajmal’s status in this business?
Active Partner
A partner who takes active part in the affairs of business and its management
is called active partner. He contributes his share in the capital and is liable
to pay the obligations of the firm.

5) How Mr. Akram will benefit from this form of business?
10. Flexibility
It is flexible business and partners can change their business policies with
the mutual consultation at any time.
Moral promotion:
Partnership is the best business for small investors. It promotes moral courage
of partners.
Secrecy : In partnership it is not compulsory to publish the accounts. So, the
business secrecy remains within partners. This factor is very helpful for
successful operation of the business.

Feedback is always welcome.
Please tell me if it is really worth doing??


+ http://bit.ly/vucodes (Link for Assignments, GDBs & Online Quizzes Solution)

+ http://bit.ly/papersvu (Link for Past Papers, Solved MCQs, Short Notes & More)

+ Click Here to Search (Looking For something at vustudents.ning.com?)

+ Click Here To Join (Our facebook study Group)


Views: 203

Replies to This Discussion

u have wrote the advantages i think we have to point out the ways he'll be benefited from the business.
agreed
Nice dear ! good.................... I think it will be 100 % correct
Keep it up
thanks mate
well....nice job!!!!! :)
thanks mate
Lodz of Thanks
I were already submitted.....v nice idea Thanks for sharing....Regards
what i have wrote for the 5th question is simply that :

As Mr. Akram and Ajmal invested capital in the business and are partners and in partnership concern profit & loss is shared out on the agreed terms in conditions of Partnership agreement. Therefore both will share profit of the business on agreed ratio as per Partnership agreement
Try to write in relation to the text provided e.g for
Q # 3 : What will be the Akram’s Status in this business?
Answer: Mr. Akram is a bank employee and due to his tight schedule of time he will be unable to properly manage the operations of the business therefore status of Akram will be sleeping partner.

Write something like that. Covering also the text provided in the story paragraph given. Well thats only a suggestion and my point of view.

RSS

Latest Activity

Ayesha liked +M.Tariq Malik's discussion ENG201 Business and Technical English Writing GDB No 01 Fall 2020 Solution / Discussion Last Date: 08-12-2020
16 minutes ago
+M.Tariq Malik replied to +M.Tariq Malik's discussion ENG201 Business and Technical English Writing GDB No 01 Fall 2020 Solution / Discussion Last Date: 08-12-2020 in the group ENG201 Business and Technical English Writing
27 minutes ago
+M.Tariq Malik replied to +M.Tariq Malik's discussion PSY516 Statistics in Psychology Assignment 01 Fall 2020 Solution / Discussion in the group PSY516 Statistics in Psychology
28 minutes ago
+M.Tariq Malik liked +M.Tariq Malik's discussion PSY516 Statistics in Psychology Assignment 01 Fall 2020 Solution / Discussion
28 minutes ago
+M.Tariq Malik added a discussion to the group PSY516 Statistics in Psychology
28 minutes ago
+M.Tariq Malik replied to +M.Tariq Malik's discussion PSY404 Abnormal Psychology Assignment 01 Fall 2020 Solution / Discussion in the group PSY404 Abnormal Psychology
29 minutes ago
+M.Tariq Malik liked +M.Tariq Malik's discussion PSY404 Abnormal Psychology Assignment 01 Fall 2020 Solution / Discussion
29 minutes ago
+M.Tariq Malik added a discussion to the group PSY404 Abnormal Psychology
30 minutes ago
+M.Tariq Malik replied to +M.Tariq Malik's discussion PSY631 Psychological Testing & Measurements Assignment 01 Fall 2020 Solution / Discussion in the group PSY631 Psychological Testing & Measurements
31 minutes ago
+M.Tariq Malik liked +M.Tariq Malik's discussion PSY631 Psychological Testing & Measurements Assignment 01 Fall 2020 Solution / Discussion
31 minutes ago
+M.Tariq Malik added a discussion to the group PSY631 Psychological Testing & Measurements
31 minutes ago
+M.Tariq Malik replied to +M.Tariq Malik's discussion PSY515 Cross Cultural Psychology Assignment 01 Fall 2020 Solution / Discussion in the group PSY515 Cross Cultural Psychology
33 minutes ago
+M.Tariq Malik liked +M.Tariq Malik's discussion PSY515 Cross Cultural Psychology Assignment 01 Fall 2020 Solution / Discussion
33 minutes ago
+M.Tariq Malik added a discussion to the group PSY515 Cross Cultural Psychology
34 minutes ago
+M.Tariq Malik replied to +M.Tariq Malik's discussion PSY504 Cognitive Psychology Assignment 01 Fall 2020 Solution / Discussion in the group PSY504 Cognitive Psychology
35 minutes ago
+M.Tariq Malik liked +M.Tariq Malik's discussion PSY504 Cognitive Psychology Assignment 01 Fall 2020 Solution / Discussion
35 minutes ago
+M.Tariq Malik added a discussion to the group PSY504 Cognitive Psychology
36 minutes ago
+M.Tariq Malik replied to +M.Tariq Malik's discussion PSY632 Theory & Practice of Counseling Assignment 01 Fall 2020 Solution / Discussion in the group PSY632 Theory & Practice of Counseling
37 minutes ago
+M.Tariq Malik added a discussion to the group PSY632 Theory & Practice of Counseling
38 minutes ago
+M.Tariq Malik replied to +M.Tariq Malik's discussion PSY512 Gender Issues in Psychology Assignment 01 Fall 2020 Solution / Discussion in the group PSY512 Gender Issues in Psychology
38 minutes ago

© 2020   Created by +M.Tariq Malik.   Powered by

Promote Us  |  Report an Issue  |  Privacy Policy  |  Terms of Service

.