Interested to Buy Any Domain ? << Click Here >> for more details...
A and V enter into a joint venture to sell a consignment of
biscuits sharing profits and
losses equally. A provides biscuits from stock Rs 10000. He
pays expenses amounting
to Rs 1000. V incurs further expenses on carriage Rs 1000.
He receives cash for sales
Rs 15000. He also takes over goods to the value of Rs 2000.
The profit on joint venture
is
7
(a) Rs.3000
(b) Rs.5000
(c) Rs.6000
(d) Rs.3500
- 0 Answers
- 2690 Views
- I also Faced
- E-Mail Answers
No Answer is Posted For this Question
Be the First to Post Answer
A non-function currency claim:- Employee while updating a non functional currency claim the system uses the period end rate i.e. any claim pertaining to the period 01Aug - 25th Aug. the system uses the period end rate as of July 31st. (2) Also, what is the basis of using the period end rate not the average rate for expenses claim. Can you please clarify my question.
Why you want to change???
IS there any duty on freight charges on import duty? If yes, what is the percentage?
whah is price earning formula?
.........method of stock valuation considered the purchase price of stock which intered the godown last. 1)fifo 2)lifo 3)weight average 4)all the above methoed chose the correct answer?
Do you know what is double-entry accounting? Explain with an example?
What is the cost of goods sold?
How to make entries in Talley for the advance of Rs. 5 lacks is given from the Project A to B to be returned after some months
What is amortization..? Any examples pls..?
"Trial Balance is not a comclusive proof of the accuracy of the books of accounts." Explain this statement and describe the errors which are not disclosed inspite of the agreement of trial balance.
What is the Project Accounting in case of Real Estate or Construction Co`s ?
What are Wash accounts and suspense accounts and how do they operate?
Audit 
