The share of profit of the co-venturer maintaining the records is credited to
A) Profit and loss account
B) His personal account
C) Credit account
D) Debtor's account
Correct Answer:
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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
Q37: Memorandum Joint Venture Account is prepared to
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
Q43: What are the two types of losses
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