Question

Aar and Bar were partners in a joint venture sharing profits and losses in the proportion of 4/5th and 1/5th respectively. Aar supplies goods to the value of Rs.50,000 and incurs expenses amounting to Rs.5,400. Bar supplies goods to the value of Rs.14,000 and his expense amount to Rs.800. Bar sells goods on behalf of the joint venture and realizes Rs.92,000. Bar is entitled to a commission of 5 percent on sales. Bar settles his account by bank draft. What will be the final remittance?
(a) Bar will remit Rs.69,160 to Aar (b) Aar will remit Rs.69,160 to Bar
(c) Aar will remit Rs.69,000 to Bar (d) Bar will remit Rs.69,000 to Aar

Answer 1

$<b1>$Aar and Bar were partners in a joint venture sharing profits and losses in the proportion of 4/5th and 1/5th respectively. Aar supplies goods to the value of Rs.50,000 and incurs expenses amounting to Rs.5,400. Bar supplies goods to the value of Rs.14,000 and his expense amount to Rs.800. Bar sells goods on behalf of the joint venture and realizes Rs.92,000. Bar is entitled to a commission of 5 percent on sales. Bar settles his account by bank draft. The final remittemce be the bar will remit Rs.69,160 to Aar.

So, the Answer is :-

[A] Bar will remit Rs.69,160 to Aar ✓✓

Answer 2

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Ans

Option.B

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