Question

1. Suresh and Sudhir entered into joint venture to share profits and losses equally. The following transactions took place. (a) Suresh purchased goods costing 73,80,000 and expenses incurred thereon * 2,376. (b) Sudhir impplied goods of? 12,500 from his stock and paid * 250 fora carriage. (c) Sudhir sold some of the goods for 43,500. He paid sales commission of 799. (d) Suresh paid storage and ofter expenser of 950. (e) Suresh sold the remaining goods for* 23,750 and he also paid 2,375 for commission and carriage. botas You are required to prepare: 1. Joint venture a/c in the books of Suresh and 2. Suresh's a/c in the books of Sudhir.​

Answer 1

Answer:

(b) is correct

Explanation:

(b)one is the correct