Question

3) Das and Rey entered into a joint venture involving the buying and
selling of drailway materials. The profit or less are to be shared
# The cost of the materials purchased was R42.500 which was
paid by Das.
Das drew a bill om Roy at a two month's demand R. 30.000. The
in was discounted by Das at a cost of Rs.240. The transactions
relating to the venture were
a) Das paid Rs. 500 for carriage: Rs. Soo for commission on
sales and Rs. 200 for travelling expenses
b) Ray paid Rs. 100 for traveling expenses and Rs. 150 for
sundry expenses
Sades made by Das amounted to Rs. 20.000 Sales made by
Roy were Rs. 30.000
* Goods casting Rs.1.000 and Rs.1.500 (being unsold stock) were
retained by Das and Rey, respectively and these were charged to
them at prices so as to show the same rate of gross profit as is
made on the total sales (excluding these sales).
Das was credited with a sum of Rs.400 to cover the cost off
warehousing and insurance. The expenses in connection with the
bills were to be treated as a charge against the venture
You are required to prepare Das's Capital Account and Joint
Venture with Das Account in the books of Roy. (15 MARKS)​

Answer 1

I don't understand clearly this question. . . . ?