Engineering Economics
Which is true about partnership?

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

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Engineering Economics
Current ratio is:

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

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