Memorandum Joint Venture Account is prepared to find out
A) Amount due from the co-venturers
B) Profit or loss on the joint venture
C) Sale's account
D) Purchases account
Correct Answer:
Verified
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
Q36: In Memorandum Joint Venture Account Method, the
Q38: The share of profit of the co-venturer
Q39: Any bad debt incurred on account of
Q40: The person who send the goods to
Q41: The commission given by consignor to the
Q42: The following accounts should be opened in
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