13. Senthil and saravanan entered into a joint venture, the former contributing Rs.80,000 and
latter Rs. 50,000. They opened a joint bank account and agreed to show profits 1/3'd and 2/3rd
respectively. They purchased goods for cash Rs.80, 000 and Rs. 1, 70,000 paying Rs. 4,100
towards the expenses. Senthil was entitled to a commission of 3 % on sale. Show joint venture
account and joint bank account.
reed to share profits &
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Explanation:
Tempeh or tempe is a traditional Javanese soy product that is made from fermented soybeans. It is made by a natural culturing and controlled fermentation process that binds soybeans into a cake form. A fungus, Rhizopus oligosporus, is used in the fermentation process and is also known as tempeh starter.
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