Question

9. ABC on Jointly under take to construct a threater for contract price 5000000 / - - They agreed to share Profits and Lasses equally, They contribute "A" 600000 /- "B" 750000 - and 400000 and opened a joint - ) bank Account. 'A' gets the plan prepared and pay 70000 - Architects fee B' Brings into venture a /- concacat mixture of 25 000 and c brings truck of 200000 I-. They buy a plant for 240000) . Material worth 2400000 and paid wages 1950000 on completion. À took overs Materials 140000 'B' takes back concrete Mixer for 120000 and 'c' took over truck 60000 | plant was sold for 80000 l contract price fully recived prepare joint venture Accounts Joint bank Account.​

Answer 1

Answer:

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