A and B entered into a joint venture and agreed to share profit and loss in the ratio of 3:2 . A joint banking account was opened wherein A contributes 50000 and B contributed 20000 . Their transition were as follows; material purchased 65000, wages paid 6000, administrative expensive paid by B 3000, advertisement and selling expenses 6170, expenses paid by A 1630, sale 112000, Remaining stock was taken over by A for 6200 and the venture was closed. Prepare necessary journal entries and ledger accounts, showing the final distribution of cash among the co-venture.
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ਭਬਬਬਰਗਗਲਡਲਠ। ਠੀਕ ਗੱਲ ਠੀਕ ਖਿਲਾਫ மன றனଠ ଛୌଜୌhk sididndhf
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