| Item | Concept | Formula / Description |
| 1 | Partnership | When two or more persons run a business jointly, they are called partners and the deal is a partnership. |
| 2 | Same Time Period | When investments are for the same time, gain/loss is divided in the ratio of investments. Ratio: $x : y$ |
| 3 | Different Time Periods | When time periods differ, equivalent capitals are calculated as $(Capital \times Time)$. Ratio: $xp : yq$ |
| 4 | Working Partner | A partner who manages the business is known as a working partner. |
| 5 | Sleeping Partner | A partner who only invests money but does not manage the business. |
Master In Technology,
