Question

21. X and Y enter into a joint venture sharing profits and losses equally. X
purchased 1,000 kg. of sugar @ 25 per kg. Brokerage paid * 1,000
and carriage paid 500. Y sold 950 kg. of sugar @ * 32 per kg.
Balance sugar was taken over by Y at cost. The value of
at cost. The value of sugar taken
over to be recorded in joint venture will be
(a) * 1,325
(b) 1,250
(c) 1,300
(d) * 1,275
​

Answer 1

Answer:

1250 is your correct answer