Purchase of equipment Rs.6,000;Hire of equipment Rs.,000, Wages Rs.45,000;Materials Rs.10,000;Office expenses Rs.5,000 Ramu paid Rs.2,000 as licensing fees.On completion, the film was found defective and Government made a deduction of Rs.10,000.The equipment was taken over by shyamu at a valuation of Rs.2,000.Separate books were maintained for the joint venture whose profits were divided in the ratio of Ramu 2/5 and Shyamu 3/5.Give ledger accounts in the books of the venture
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