Question

Ramu and shyamu entered into joint venture to prepare a film fir the government the government agrees to pay RS 100000.ramu contributes RS 10000 and shyamu contributes RS 15000. These amounts were paid into a joint bank account.payments made out of joint account were: Purchase of equipment rs 6000; hireof equipment rs 5000; wages rs 45000; material RS 10000; office expenses RS 5000. Ramu paid Rs 2000 as licensing fees. On completion, the film was found defective and government made a deduction of rs 10000. The equipment was taken over by shyamu at a valuation of rs 2000. Seperate books were maintained for the joint venture whose profit were divided in the ratio of Ramu 2/5 and shyamu 3/5. Give ledger accounts in the books of the venture.

Answer 1

The answer will be 246890.

To make it simple for you, you need to make a table with the values of government and how much they are paying off for the film.

Total amount contributed form Ramu, Shamyu and government = 100000 + 10000 + 15000 = 1025000 Rupees

Then make a cost invested table to simply the amount.

Answer 2

this is a answee of your question