A and B were partners in a joint venture Sharing profits and losses in the ratio...
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A and B were partners in a joint venture Sharing profits and losses in the ratio of 3:2. A supplies goods to the value of Rs. 65,000 and incurs expenses amounting Rs. 1,000. B supplies goods to the value of Rs. 18,000 and his expenses amount to Rs. 1,000. B Sells goods on behalf of the joint venture and realizes Rs. 1,20,000. B entitled to commission of 5% on sales. B settles his account by bank draft. How much amount, B will pay to A as final settlement ? A Rs. 83,400 B C D Rs. 93,200 Rs. 80,000 None of these A and B were partners in a joint venture Sharing profits and losses in the ratio of 3:2. A supplies goods to the value of Rs. 65,000 and incurs expenses amounting Rs. 1,000. B supplies goods to the value of Rs. 18,000 and his expenses amount to Rs. 1,000. B Sells goods on behalf of the joint venture and realizes Rs. 1,20,000. B entitled to commission of 5% on sales. B settles his account by bank draft. How much amount, B will pay to A as final settlement ? A Rs. 83,400 B C D Rs. 93,200 Rs. 80,000 None of these
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Related Book For
South Western Federal Taxation 2015
ISBN: 9781305310810
38th edition
Authors: William H. Hoffman, William A. Raabe, David M. Maloney, James C. Young
Posted Date:
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