Question

Profit or loss on joint venture is shared by the

co-ventures.

(a) Equally

(b) In the capital ratio

(c) As per the agreement

(d) Rs 10,000 per month​

Answer 1

Answer:

C

Explanation:

In absence of agreement it is shared equally

Answer 2

Answer:

Option (c) As per the agreement is the correct answer.

Explanation:

Joint Venture is governed by the Law of Cooperation. Therefore, the profit or loss will be distributed as a contract. However, if there is no agreement, the profit or loss will be shared equally.