(i) Two friends, Anandita and Rukhsana, started a business based on a verbal understanding. Anandita invested ₹ 20,00,000 and Rukhsana invested ₹ 30,00,000 in the business. They agreed to share the financial outcomes of the business equally, despite contributing unequal amount of capital.
(a) Identify the form of business set up by Anandita and Rukhsana.
(b) Anandita and Rukhsana agreed to share the financial outcomes of the business equally. Which feature of this form of business is highlighted here?
(c) Examine one probable risk of starting a business based on a verbal understanding.
(d) If Anandita decides to leave the business in future, can Rukhsana continue the business in the same form? Justify your answer by giving a reason.