Question

Kamchor and pramdilal enter into a joint venture as dealer in land agreed to share profit and loss in the ratio of 4:1 . They deposited rs.250000 ; rs.350000 respectively in their joint bank account . They purchased a plot of land measuring 5000sq.meter at a cost of rs.105 per sq.meter. they paid following expenses from joint bank account.
Registration charges rs.22000
Stamp duty rs.15000 Legal adviser's fee rs.2500 Miscellaneous expenditure rs.4250 Brokerage rs.12000 They prepared a plan for selling the plot of land. In the said plan 20% of land left over for public roads and 10% of the land left over for public park and remaining land was divided into 25 plots of equal siz

Answer 1

Answer:

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