XY formed a joint venture to construct railway line for Metro Railway in Delhi and agreed...
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XY formed a joint venture to construct railway line for Metro Railway in Delhi and agreed to share profit and loss in the ratio of 2:3. X purchased goods worth Rs. 200000 and send the same to Y on payment of freight and insurance of Rs. 10,000. Y also purchased material worth Rs. 45000 and incurred Rs. 5000 as incidental expenses. Y sold the construction material to Railway for Rs. 3,20,000. What is the profit on Joint venture XY formed a joint venture to construct railway line for Metro Railway in Delhi and agreed to share profit and loss in the ratio of 2:3. X purchased goods worth Rs. 200000 and send the same to Y on payment of freight and insurance of Rs. 10,000. Y also purchased material worth Rs. 45000 and incurred Rs. 5000 as incidental expenses. Y sold the construction material to Railway for Rs. 3,20,000. What is the profit on Joint venture
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Related Book For
Foundations of Financial Management
ISBN: 978-1259194078
15th edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
Posted Date:
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