Joint Bank account is
A) Not like a cash book
B) Opened specifically for the venture
C) Operated by one of the ventures
D) All of the above
Correct Answer:
Verified
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
Q28: Joint venture account is in the nature
Q29: A joint venture is a
A)A general partnership
B)A
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
Q34: The party responsible for the risk attached
Q35: The legal ownership of the goods is
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