Engineering Economics
Which is true about partnership?

Its capitalization must be equal for each partner.
It has a perpetual life.
It will be dissolved if one of the partners ceases to be connected with the partnership.
It can be handed down from one generation of partners to another.

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Engineering Economics
Current ratio is:

(Current assets + loans advances)/Current liabilities
(Current assets + loans)/Current liabilities
None of these
Current assets/Current liabilities

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