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A and B were partners in a joint venture sharing profits and losses in the proportion of 4/ 5th and 1/5th respectively. A supplies goods to the value of Rs 50,000 and incurs expenses amounting to Rs 5400. B supplies goods to the value of Rs 14000 and his expense amount to Rs 800. B sells goods on behalf of the joint venture and realizes Rs 92000. B is entitled toa commission of 5 per cent on sales. B settles his account by bank draft. What will be the profit on venture?a)Rs.17200b)Rs.17000c)Rs.18000d)Rs.18200Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A and B were partners in a joint venture sharing profits and losses in the proportion of 4/ 5th and 1/5th respectively. A supplies goods to the value of Rs 50,000 and incurs expenses amounting to Rs 5400. B supplies goods to the value of Rs 14000 and his expense amount to Rs 800. B sells goods on behalf of the joint venture and realizes Rs 92000. B is entitled toa commission of 5 per cent on sales. B settles his account by bank draft. What will be the profit on venture?a)Rs.17200b)Rs.17000c)Rs.18000d)Rs.18200Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A and B were partners in a joint venture sharing profits and losses in the proportion of 4/ 5th and 1/5th respectively. A supplies goods to the value of Rs 50,000 and incurs expenses amounting to Rs 5400. B supplies goods to the value of Rs 14000 and his expense amount to Rs 800. B sells goods on behalf of the joint venture and realizes Rs 92000. B is entitled toa commission of 5 per cent on sales. B settles his account by bank draft. What will be the profit on venture?a)Rs.17200b)Rs.17000c)Rs.18000d)Rs.18200Correct answer is option 'A'. Can you explain this answer?.

Solutions for A and B were partners in a joint venture sharing profits and losses in the proportion of 4/ 5th and 1/5th respectively. A supplies goods to the value of Rs 50,000 and incurs expenses amounting to Rs 5400. B supplies goods to the value of Rs 14000 and his expense amount to Rs 800. B sells goods on behalf of the joint venture and realizes Rs 92000. B is entitled toa commission of 5 per cent on sales. B settles his account by bank draft. What will be the profit on venture?a)Rs.17200b)Rs.17000c)Rs.18000d)Rs.18200Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.

Here you can find the meaning of A and B were partners in a joint venture sharing profits and losses in the proportion of 4/ 5th and 1/5th respectively. A supplies goods to the value of Rs 50,000 and incurs expenses amounting to Rs 5400. B supplies goods to the value of Rs 14000 and his expense amount to Rs 800. B sells goods on behalf of the joint venture and realizes Rs 92000. B is entitled toa commission of 5 per cent on sales. B settles his account by bank draft. What will be the profit on venture?a)Rs.17200b)Rs.17000c)Rs.18000d)Rs.18200Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of A and B were partners in a joint venture sharing profits and losses in the proportion of 4/ 5th and 1/5th respectively. A supplies goods to the value of Rs 50,000 and incurs expenses amounting to Rs 5400. B supplies goods to the value of Rs 14000 and his expense amount to Rs 800. B sells goods on behalf of the joint venture and realizes Rs 92000. B is entitled toa commission of 5 per cent on sales. B settles his account by bank draft. What will be the profit on venture?a)Rs.17200b)Rs.17000c)Rs.18000d)Rs.18200Correct answer is option 'A'. Can you explain this answer?, a detailed solution for A and B were partners in a joint venture sharing profits and losses in the proportion of 4/ 5th and 1/5th respectively. A supplies goods to the value of Rs 50,000 and incurs expenses amounting to Rs 5400. B supplies goods to the value of Rs 14000 and his expense amount to Rs 800. B sells goods on behalf of the joint venture and realizes Rs 92000. B is entitled toa commission of 5 per cent on sales. B settles his account by bank draft. What will be the profit on venture?a)Rs.17200b)Rs.17000c)Rs.18000d)Rs.18200Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of A and B were partners in a joint venture sharing profits and losses in the proportion of 4/ 5th and 1/5th respectively. A supplies goods to the value of Rs 50,000 and incurs expenses amounting to Rs 5400. B supplies goods to the value of Rs 14000 and his expense amount to Rs 800. B sells goods on behalf of the joint venture and realizes Rs 92000. B is entitled toa commission of 5 per cent on sales. B settles his account by bank draft. What will be the profit on venture?a)Rs.17200b)Rs.17000c)Rs.18000d)Rs.18200Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice A and B were partners in a joint venture sharing profits and losses in the proportion of 4/ 5th and 1/5th respectively. A supplies goods to the value of Rs 50,000 and incurs expenses amounting to Rs 5400. B supplies goods to the value of Rs 14000 and his expense amount to Rs 800. B sells goods on behalf of the joint venture and realizes Rs 92000. B is entitled toa commission of 5 per cent on sales. B settles his account by bank draft. What will be the profit on venture?a)Rs.17200b)Rs.17000c)Rs.18000d)Rs.18200Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice CA Foundation tests.