Joint venture account is in the nature of
A) Real account
B) Personal account
C) Nominal account
D) None of the above
Correct Answer:
Verified
Q23: When a complete set of books are
Q24: Consignee becomes a debtor of the consignor
Q25: Del credere commission is given when the
Q26: No journal entry is required to be
Q27: Consignee account is in the nature of
A)Personal
Q29: A joint venture is a
A)A general partnership
B)A
Q30: Joint Bank account is
A)Not like a cash
Q31: Profit or loss on a joint venture
Q32: The relationship between the consignor and the
Q33: The term used for consignee's remuneration is
A)Commission
B)Brokerage
C)Discount
D)Allowance
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