Test Preparation on CA/CS Foundation MCQ Questions Accounting For Special Transaction I
1.
Partners of joint venture business
2.
If separate set of books aremaintained. Interest charged toco-venture is credited to:
3.
When the record of transactionsrelating to joint venture are madein the books of one party then theventurer recording thetransactions records his share ofInvestment by
4.
When purchases are made for theJoint venture out of joint bankaccount the accountis debited. Co
5.
Joint venture is a......partnership
6.
Goods costing Rs. 10000 destroyed by an accident insurance claim nil.
7.
A purchased goods costing Rs. IGOOOO. B sold the goods for Rs. 150000. Profit sharing ratio between A and B equal. If same sets of books are maintained what will be the final remittance?
8.
A B and C are co-venturer. The relative profit sharing ratio between A and B Is 3:2 and between B and C is also 3:2. Find out the profit sharing ratio between A B and C.