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Ram, Laxman and Bharat entered into Joint Venture and agreed to share profit and losses in the ratio of their capital contribution: They contributed Rs.2,50,000, Rs.1,50,000 and Rs.1,00,000 respectively in the Joint Bank Account. The purchases and sales were as follows: Credit purchases from ‘A’ Ltd. Rs.5,00,000 Credit purchases from ‘B’ Ltd. Rs.3,00,000 Cash purchases from ‘C’ Ltd. Rs. 4,00,000 Cash sales Rs.9,00,000 Credit sales to ‘C’ Ltd. Rs.6,50,000 Office expenses Rs.30,000 The unsold goods were taken over by Laxman at the agreed value of Rs.20,000. Bharat is entitled to a special commission of 5% on gross sales. All balances were settled through Joint Bank Account at the end. Prepare Joint Venture A/c, Joint Bank A/c and Co-Venture’s Capital Accounts.? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Ram, Laxman and Bharat entered into Joint Venture and agreed to share profit and losses in the ratio of their capital contribution: They contributed Rs.2,50,000, Rs.1,50,000 and Rs.1,00,000 respectively in the Joint Bank Account. The purchases and sales were as follows: Credit purchases from ‘A’ Ltd. Rs.5,00,000 Credit purchases from ‘B’ Ltd. Rs.3,00,000 Cash purchases from ‘C’ Ltd. Rs. 4,00,000 Cash sales Rs.9,00,000 Credit sales to ‘C’ Ltd. Rs.6,50,000 Office expenses Rs.30,000 The unsold goods were taken over by Laxman at the agreed value of Rs.20,000. Bharat is entitled to a special commission of 5% on gross sales. All balances were settled through Joint Bank Account at the end. Prepare Joint Venture A/c, Joint Bank A/c and Co-Venture’s Capital Accounts.? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Ram, Laxman and Bharat entered into Joint Venture and agreed to share profit and losses in the ratio of their capital contribution: They contributed Rs.2,50,000, Rs.1,50,000 and Rs.1,00,000 respectively in the Joint Bank Account. The purchases and sales were as follows: Credit purchases from ‘A’ Ltd. Rs.5,00,000 Credit purchases from ‘B’ Ltd. Rs.3,00,000 Cash purchases from ‘C’ Ltd. Rs. 4,00,000 Cash sales Rs.9,00,000 Credit sales to ‘C’ Ltd. Rs.6,50,000 Office expenses Rs.30,000 The unsold goods were taken over by Laxman at the agreed value of Rs.20,000. Bharat is entitled to a special commission of 5% on gross sales. All balances were settled through Joint Bank Account at the end. Prepare Joint Venture A/c, Joint Bank A/c and Co-Venture’s Capital Accounts.?.

Solutions for Ram, Laxman and Bharat entered into Joint Venture and agreed to share profit and losses in the ratio of their capital contribution: They contributed Rs.2,50,000, Rs.1,50,000 and Rs.1,00,000 respectively in the Joint Bank Account. The purchases and sales were as follows: Credit purchases from ‘A’ Ltd. Rs.5,00,000 Credit purchases from ‘B’ Ltd. Rs.3,00,000 Cash purchases from ‘C’ Ltd. Rs. 4,00,000 Cash sales Rs.9,00,000 Credit sales to ‘C’ Ltd. Rs.6,50,000 Office expenses Rs.30,000 The unsold goods were taken over by Laxman at the agreed value of Rs.20,000. Bharat is entitled to a special commission of 5% on gross sales. All balances were settled through Joint Bank Account at the end. Prepare Joint Venture A/c, Joint Bank A/c and Co-Venture’s Capital Accounts.? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

Here you can find the meaning of Ram, Laxman and Bharat entered into Joint Venture and agreed to share profit and losses in the ratio of their capital contribution: They contributed Rs.2,50,000, Rs.1,50,000 and Rs.1,00,000 respectively in the Joint Bank Account. The purchases and sales were as follows: Credit purchases from ‘A’ Ltd. Rs.5,00,000 Credit purchases from ‘B’ Ltd. Rs.3,00,000 Cash purchases from ‘C’ Ltd. Rs. 4,00,000 Cash sales Rs.9,00,000 Credit sales to ‘C’ Ltd. Rs.6,50,000 Office expenses Rs.30,000 The unsold goods were taken over by Laxman at the agreed value of Rs.20,000. Bharat is entitled to a special commission of 5% on gross sales. All balances were settled through Joint Bank Account at the end. Prepare Joint Venture A/c, Joint Bank A/c and Co-Venture’s Capital Accounts.? defined & explained in the simplest way possible. Besides giving the explanation of Ram, Laxman and Bharat entered into Joint Venture and agreed to share profit and losses in the ratio of their capital contribution: They contributed Rs.2,50,000, Rs.1,50,000 and Rs.1,00,000 respectively in the Joint Bank Account. The purchases and sales were as follows: Credit purchases from ‘A’ Ltd. Rs.5,00,000 Credit purchases from ‘B’ Ltd. Rs.3,00,000 Cash purchases from ‘C’ Ltd. Rs. 4,00,000 Cash sales Rs.9,00,000 Credit sales to ‘C’ Ltd. Rs.6,50,000 Office expenses Rs.30,000 The unsold goods were taken over by Laxman at the agreed value of Rs.20,000. Bharat is entitled to a special commission of 5% on gross sales. All balances were settled through Joint Bank Account at the end. Prepare Joint Venture A/c, Joint Bank A/c and Co-Venture’s Capital Accounts.?, a detailed solution for Ram, Laxman and Bharat entered into Joint Venture and agreed to share profit and losses in the ratio of their capital contribution: They contributed Rs.2,50,000, Rs.1,50,000 and Rs.1,00,000 respectively in the Joint Bank Account. The purchases and sales were as follows: Credit purchases from ‘A’ Ltd. Rs.5,00,000 Credit purchases from ‘B’ Ltd. Rs.3,00,000 Cash purchases from ‘C’ Ltd. Rs. 4,00,000 Cash sales Rs.9,00,000 Credit sales to ‘C’ Ltd. Rs.6,50,000 Office expenses Rs.30,000 The unsold goods were taken over by Laxman at the agreed value of Rs.20,000. Bharat is entitled to a special commission of 5% on gross sales. All balances were settled through Joint Bank Account at the end. Prepare Joint Venture A/c, Joint Bank A/c and Co-Venture’s Capital Accounts.? has been provided alongside types of Ram, Laxman and Bharat entered into Joint Venture and agreed to share profit and losses in the ratio of their capital contribution: They contributed Rs.2,50,000, Rs.1,50,000 and Rs.1,00,000 respectively in the Joint Bank Account. The purchases and sales were as follows: Credit purchases from ‘A’ Ltd. Rs.5,00,000 Credit purchases from ‘B’ Ltd. Rs.3,00,000 Cash purchases from ‘C’ Ltd. Rs. 4,00,000 Cash sales Rs.9,00,000 Credit sales to ‘C’ Ltd. Rs.6,50,000 Office expenses Rs.30,000 The unsold goods were taken over by Laxman at the agreed value of Rs.20,000. Bharat is entitled to a special commission of 5% on gross sales. All balances were settled through Joint Bank Account at the end. Prepare Joint Venture A/c, Joint Bank A/c and Co-Venture’s Capital Accounts.? theory, EduRev gives you an ample number of questions to practice Ram, Laxman and Bharat entered into Joint Venture and agreed to share profit and losses in the ratio of their capital contribution: They contributed Rs.2,50,000, Rs.1,50,000 and Rs.1,00,000 respectively in the Joint Bank Account. The purchases and sales were as follows: Credit purchases from ‘A’ Ltd. Rs.5,00,000 Credit purchases from ‘B’ Ltd. Rs.3,00,000 Cash purchases from ‘C’ Ltd. Rs. 4,00,000 Cash sales Rs.9,00,000 Credit sales to ‘C’ Ltd. Rs.6,50,000 Office expenses Rs.30,000 The unsold goods were taken over by Laxman at the agreed value of Rs.20,000. Bharat is entitled to a special commission of 5% on gross sales. All balances were settled through Joint Bank Account at the end. Prepare Joint Venture A/c, Joint Bank A/c and Co-Venture’s Capital Accounts.? tests, examples and also practice UPSC tests.