If any stock is taken by a co-venturer, it will be treated as
A) an income of the joint venture.
B) an expense of the joint venture.
C) to be ignored from joint venture.
D) it will be treated in the personal books of the co-venturer.
Correct Answer:
Verified
Q7: Creditors ledger adjustment account is opened in
A)General
Q8: Receipts and Payments account is a
A)Nominal Account
B)Real
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Q13: Contingent liability would appear
A)on the liability side
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