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Online MCQ Assignment
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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)…

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