Q.Ramu and Shyamu into a joint venture to prepare a film for the Government.The Government agrees to pay Rs.100.000.Ramu Contribute Rs.10.000. and Shyamu Contribute Rs 15.000.These amounts were paid into a joint bank account. payment made out of joint account were.Purchase of equipment Rs. 6,000Hire of equipment Rs. 5,000wages Rs. 45,000Material's Rs. 10,000Office 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 Shyam 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 Shyam 3/5 . Give ledger account in the books of the venture.
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Pal Lyrics. Hmm… Pal ek pal mein hi tham sa gaya Tu haath mein haath jo de gaya Chalun main jahaan jaaye tu Daayein main tere, baayein tu Hoon rut main, hawayein tu
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