In a joint venture a/c Total of credit side is RS, 12,18,000, and total of debit side is RS, 8,22,000 What is the profit
Answer
A.
B.
C.
D.
RS, 3,90,000
RS, 3,92,000
RS,3,94,000
RS, 3,96,000
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This method is particularly followed where there are large transactions, that is, the venture is a large one and is continued for a comparatively long period. Accounts are prepared under double entry principle.
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