The following accounts should be opened in the case of separate set of books in Joint Venture Account.
A) Joint Venture A/c
B) Joint Bank A/c
C) Co-venturer's A/c
D) All of the above
Correct Answer:
Verified
Q37: Memorandum Joint Venture Account is prepared to
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
Q43: What are the two types of losses
Q44: The consignee is:
A)Principal
B)Agent
C)Buyer
D)Seller
Q45: Account sales is submitted by.
A)Consignor
B)Consignee
C)Principal to his
Q46: Del - credere commission is calculated on:
A)Credit
Q47: Joint Bank Account is
A)not like a cash
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