What are the two types of losses of goods in Joint venture Account.
A) Normal and abnormal losses
B) Simple loss and pure loss
C) Executive and execute loss
D) None of these
Correct Answer:
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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
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
Q48: When goods are purchased for the Joint
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