DUE DATE 12 APRIL 2012,PLZZZZZZ DISCUSS HERE
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mera bi yehi assignment hai.. im working on it then i will let you know.
dear im also working on it, tomorow we all will discuss here
Please upload Solution. We all are anxiously waiting for it.
Every passing minute is becoming more tentionful for us.Pls expedite.
Me too, Guys please post the solutions and lets discuss it concisely.
plz tell me da solution
Please Correct me if there is something wrong. I would also like to request you all to please post your on solutions
SEMESTER SPRING 2012
Introduction to Business (MGT211)
Due Date: 12 April, 2012 Marks: 20
Mr. Aleem and Mr. Ali are lifelong friends living in same locality since their childhood.
Recently, they have decided to enter into a new business venture but they have not yet decided upon
the nature/kind of business.
Aleem had Rs. 550,000/- which he wanted to invest but he had no desire to take active part in
managing routine matters/affairs of the business while Ali was a handyman and always enjoyed
designing of readymade garments for men as a hobby.
Luckily, a running garments business was available for sale for sum of Rs. 1,500,000/- and they
agreed to buy the business. Ali has Rs. 250,000/- as an initial investment and the remaining amount of
Rs. 700,000/- was to be borrowed from a local bank in order to acquire the business.
They eventually purchased the business and registered under the name “AL-Noor Garments”. As
Aleem would not take part in the affairs of business so Ali will be having full control over the
Operations of the business but the profit/loss will be shared equally.
Question no 1 (06 Marks)
Would the status of Ali be different from Aleem? Briefly explain in the context of types of partners.
Question no 2 (14 Marks)
Being a business consultant you are required to suggest key points to be added in partnership deed for
Al-Noor Garments so that any future conflicts can be avoided.
Yes the status of Ali will be different from Aleem Because Ali takes active part in the affairs of business and management as Active Partner. On the other hand Aleem can be Sleeping partner & Silent partner because he contributes in the capital but doesn’t take part in the management of the business. The remaining amount of Rs. 700,000/- was to be borrowed from a local bank in order to acquire the business & the profit/loss will be shared equally. Therefor Aleem is also liable to the creditors.
thnxxx mister.... I think ur solution is quite good.... did any one discussed abt the other assignment of MGT101 OF FINANCIAL ACCOUNTING??? thnx alotttttt
thanks you dear any one MGT 101 Fincial Accounting plz send me
where is its solution pari :O?
What else solution you need ali?
sorry zahid bhai me missed the solution jaldi ma dekh ni ska tha yhn solution b ha thankx alot bro
its my id plz add me
me from MBA 3.5 programe of semester 1 if u are too then plzz add me