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State which of the statement is true?
  • a)
    Memorandum Jt Venture Account is prepared to find out profit on venture
  • b)
    Memorandum Jt Venture Account is prepared to find out amount due from co-venturer
  • c)
    Memorandum Jt Venture Account is prepared when separate sets of books is maintained 
  • d)
    In Memorandum Jt Venture Account only one venturer’s transaction is recorded
Correct answer is option 'A'. Can you explain this answer?
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State which of the statement is true?a)Memorandum Jt Venture Account is prepared to find out profit on ventureb)Memorandum Jt Venture Account is prepared to find out amount due from co-venturerc)Memorandum Jt Venture Account is prepared when separate sets of books is maintainedd)In Memorandum Jt Venture Account only one venturer’s transaction is recordedCorrect answer is option 'A'. Can you explain this answer?
Question Description
State which of the statement is true?a)Memorandum Jt Venture Account is prepared to find out profit on ventureb)Memorandum Jt Venture Account is prepared to find out amount due from co-venturerc)Memorandum Jt Venture Account is prepared when separate sets of books is maintainedd)In Memorandum Jt Venture Account only one venturer’s transaction is recordedCorrect 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 State which of the statement is true?a)Memorandum Jt Venture Account is prepared to find out profit on ventureb)Memorandum Jt Venture Account is prepared to find out amount due from co-venturerc)Memorandum Jt Venture Account is prepared when separate sets of books is maintainedd)In Memorandum Jt Venture Account only one venturer’s transaction is recordedCorrect 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 State which of the statement is true?a)Memorandum Jt Venture Account is prepared to find out profit on ventureb)Memorandum Jt Venture Account is prepared to find out amount due from co-venturerc)Memorandum Jt Venture Account is prepared when separate sets of books is maintainedd)In Memorandum Jt Venture Account only one venturer’s transaction is recordedCorrect answer is option 'A'. Can you explain this answer?.
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