QN1. M and N enter into a Joint venture where M supplies goods worth Rs.6,000 and spends Rs.100 on various expenses. N sells the entire lot for Rs.7,500 meeting selling expenses amounting to Rs.200. Profit sharing ratio is equal. N remits to M the amount due. The amount of remittance will be: (a) Rs.6,700 (b)…
This content is for paid premium members only.
You can view complete answer after activation your membership.
Need only one answers. Simply buy single day pass and email. We will send answers for this question.
Login Buy membership