Prudential reason of power sharing is based on careful calculation of _______________.

Q.

A partnership is based on a ___ contract between two persons, who agree to share profits and losses of a business.

Q. A, B and C are partners sharing profits and losses I the ratio of $1/2,3/10$ and $1/5$, B retires from the firm, A and C decide to share the future profits and losses in $3:2$, Calculate gaining ratio.

Q. (a) W, X, Y and Z are partners sharing profits and losses in the ratio of 1/3, 1/6, 1/3 and 1/6 respectively. Y retires and W, X and Z decide to share the profits and losses equally in future.
Calculate gaining ratio.
(b) A, B and C are partners sharing profits and losses in the ratio of 4 : 3 : 2. C retires from the business. A is acquiring 4/9 of C's share and balance is acquired by B. Calculate the new profit-sharing ratio and gaining ratio.

Q. A,B and C are partners sharing profits and losses in the ratio of 4:3:2. C retires from the business. A is acquiring 4/9 of C's share and balance is acquired by B. Calculate the new profit-sharing ratio and gaining ratio.

Q. State one prudential reason and one moral reason for power sharing with an example from the Indian context.