Accountancy, asked by apurvajangam, 11 months ago

Ramesh and Naresh undertook the construction of a building for Ideal engineering co.Ltd.for a contract price of 300000 payable as to 200000 by instalments in cash and 100000 in fully paid debentures of a company.Ramesh put 75000 and Naresh 45000 in a joint banking a/c opened for the purpose.They are to share profits and losses equally.

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Answered by raghav2014gupta

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