Profit or loss on joint venture business is shared by the co-venturers --
A) Equally .
B) In the ratio of capital contributed .
C) In the agreed upon ratio .
D) A per seniority
Correct Answer:
Verified
Q3: Joint Bank A/c is a -
A)Nominal A/c
Q4: Joint Venture is a --
A)Personal A/c .
B)Nominal
Q5: Joint Venture with…………..(another co-venturer) A/c is a
Q6: Which of these is not a feature
Q7: Which of these accounts are not opened
Q9: Professional bodies of which of the following
Q10: Professional bodies of which of these countries
Q11: Professional bodies of how many countries founded
Q12: Which of the following bodies is presented
Q13: The Accounting Standards are issued for the
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