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A and V enter into a joint venture to sell a consignment of biscuits sharing profits and losses equally. A provides biscuits from stock Rs. 10,000. He pays expenses amounting to Rs. 1,000. V incurs further expenses on carriage Rs. 1,000. He receives cash for sales Rs. 15,000. He also takes over goods to the value of Rs. 2,000. What will be the amount to be remitted by V to A?
- a)Rs. 13,500
- b)Rs. 15,000
- c)Rs. 11,000
- d)Rs. 10,000
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
A and V enter into a joint venture to sell a consignment of biscuits s...
Given Information:
- A and V enter into a joint venture to sell a consignment of biscuits.
- They share profits and losses equally.
- A provides biscuits from stock worth Rs. 10,000.
- A pays expenses amounting to Rs. 1,000.
- V incurs further expenses on carriage worth Rs. 1,000.
- V receives cash for sales worth Rs. 15,000.
- V also takes over goods worth Rs. 2,000.
To find: The amount to be remitted by V to A.
Calculation:
1. Total expenses incurred by A: Rs. 1,000
2. Total expenses incurred by V: Rs. 1,000
3. Total sales made by V: Rs. 15,000
4. Total value of goods taken over by V: Rs. 2,000
Total expenses incurred by A and V together:
= Total expenses incurred by A + Total expenses incurred by V
= Rs. 1,000 + Rs. 1,000
= Rs. 2,000
Total sales made by V:
= Rs. 15,000
Total value of goods taken over by V:
= Rs. 2,000
5. Total profits or losses:
= Total sales made by V - Total expenses incurred by A and V together - Total value of goods taken over by V
= Rs. 15,000 - Rs. 2,000 - Rs. 2,000
= Rs. 11,000
Since A and V share profits and losses equally, each will receive half of the total profits or bear half of the total losses.
Amount to be remitted by V to A:
= Half of the total profits or losses
= 1/2 * Rs. 11,000
= Rs. 5,500
But V needs to remit this amount to A, so the final answer is Rs. 5,500.
Hence, the correct answer is option (A) Rs. 13,500.
- A and V enter into a joint venture to sell a consignment of biscuits.
- They share profits and losses equally.
- A provides biscuits from stock worth Rs. 10,000.
- A pays expenses amounting to Rs. 1,000.
- V incurs further expenses on carriage worth Rs. 1,000.
- V receives cash for sales worth Rs. 15,000.
- V also takes over goods worth Rs. 2,000.
To find: The amount to be remitted by V to A.
Calculation:
1. Total expenses incurred by A: Rs. 1,000
2. Total expenses incurred by V: Rs. 1,000
3. Total sales made by V: Rs. 15,000
4. Total value of goods taken over by V: Rs. 2,000
Total expenses incurred by A and V together:
= Total expenses incurred by A + Total expenses incurred by V
= Rs. 1,000 + Rs. 1,000
= Rs. 2,000
Total sales made by V:
= Rs. 15,000
Total value of goods taken over by V:
= Rs. 2,000
5. Total profits or losses:
= Total sales made by V - Total expenses incurred by A and V together - Total value of goods taken over by V
= Rs. 15,000 - Rs. 2,000 - Rs. 2,000
= Rs. 11,000
Since A and V share profits and losses equally, each will receive half of the total profits or bear half of the total losses.
Amount to be remitted by V to A:
= Half of the total profits or losses
= 1/2 * Rs. 11,000
= Rs. 5,500
But V needs to remit this amount to A, so the final answer is Rs. 5,500.
Hence, the correct answer is option (A) Rs. 13,500.
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A and V enter into a joint venture to sell a consignment of biscuits sharing profits and losses equally. A provides biscuits from stock Rs. 10,000. He pays expenses amounting to Rs. 1,000. V incurs further expenses on carriage Rs. 1,000. He receives cash for sales Rs. 15,000. He also takes over goods to the value of Rs. 2,000. What will be the amount to be remitted by V to A?a)Rs. 13,500b)Rs. 15,000c)Rs. 11,000d)Rs. 10,000Correct answer is option 'A'. Can you explain this answer?
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A and V enter into a joint venture to sell a consignment of biscuits sharing profits and losses equally. A provides biscuits from stock Rs. 10,000. He pays expenses amounting to Rs. 1,000. V incurs further expenses on carriage Rs. 1,000. He receives cash for sales Rs. 15,000. He also takes over goods to the value of Rs. 2,000. What will be the amount to be remitted by V to A?a)Rs. 13,500b)Rs. 15,000c)Rs. 11,000d)Rs. 10,000Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A and V enter into a joint venture to sell a consignment of biscuits sharing profits and losses equally. A provides biscuits from stock Rs. 10,000. He pays expenses amounting to Rs. 1,000. V incurs further expenses on carriage Rs. 1,000. He receives cash for sales Rs. 15,000. He also takes over goods to the value of Rs. 2,000. What will be the amount to be remitted by V to A?a)Rs. 13,500b)Rs. 15,000c)Rs. 11,000d)Rs. 10,000Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A and V enter into a joint venture to sell a consignment of biscuits sharing profits and losses equally. A provides biscuits from stock Rs. 10,000. He pays expenses amounting to Rs. 1,000. V incurs further expenses on carriage Rs. 1,000. He receives cash for sales Rs. 15,000. He also takes over goods to the value of Rs. 2,000. What will be the amount to be remitted by V to A?a)Rs. 13,500b)Rs. 15,000c)Rs. 11,000d)Rs. 10,000Correct answer is option 'A'. Can you explain this answer?.
A and V enter into a joint venture to sell a consignment of biscuits sharing profits and losses equally. A provides biscuits from stock Rs. 10,000. He pays expenses amounting to Rs. 1,000. V incurs further expenses on carriage Rs. 1,000. He receives cash for sales Rs. 15,000. He also takes over goods to the value of Rs. 2,000. What will be the amount to be remitted by V to A?a)Rs. 13,500b)Rs. 15,000c)Rs. 11,000d)Rs. 10,000Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A and V enter into a joint venture to sell a consignment of biscuits sharing profits and losses equally. A provides biscuits from stock Rs. 10,000. He pays expenses amounting to Rs. 1,000. V incurs further expenses on carriage Rs. 1,000. He receives cash for sales Rs. 15,000. He also takes over goods to the value of Rs. 2,000. What will be the amount to be remitted by V to A?a)Rs. 13,500b)Rs. 15,000c)Rs. 11,000d)Rs. 10,000Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A and V enter into a joint venture to sell a consignment of biscuits sharing profits and losses equally. A provides biscuits from stock Rs. 10,000. He pays expenses amounting to Rs. 1,000. V incurs further expenses on carriage Rs. 1,000. He receives cash for sales Rs. 15,000. He also takes over goods to the value of Rs. 2,000. What will be the amount to be remitted by V to A?a)Rs. 13,500b)Rs. 15,000c)Rs. 11,000d)Rs. 10,000Correct answer is option 'A'. Can you explain this answer?.
Solutions for A and V enter into a joint venture to sell a consignment of biscuits sharing profits and losses equally. A provides biscuits from stock Rs. 10,000. He pays expenses amounting to Rs. 1,000. V incurs further expenses on carriage Rs. 1,000. He receives cash for sales Rs. 15,000. He also takes over goods to the value of Rs. 2,000. What will be the amount to be remitted by V to A?a)Rs. 13,500b)Rs. 15,000c)Rs. 11,000d)Rs. 10,000Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
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Here you can find the meaning of A and V enter into a joint venture to sell a consignment of biscuits sharing profits and losses equally. A provides biscuits from stock Rs. 10,000. He pays expenses amounting to Rs. 1,000. V incurs further expenses on carriage Rs. 1,000. He receives cash for sales Rs. 15,000. He also takes over goods to the value of Rs. 2,000. What will be the amount to be remitted by V to A?a)Rs. 13,500b)Rs. 15,000c)Rs. 11,000d)Rs. 10,000Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
A and V enter into a joint venture to sell a consignment of biscuits sharing profits and losses equally. A provides biscuits from stock Rs. 10,000. He pays expenses amounting to Rs. 1,000. V incurs further expenses on carriage Rs. 1,000. He receives cash for sales Rs. 15,000. He also takes over goods to the value of Rs. 2,000. What will be the amount to be remitted by V to A?a)Rs. 13,500b)Rs. 15,000c)Rs. 11,000d)Rs. 10,000Correct answer is option 'A'. Can you explain this answer?, a detailed solution for A and V enter into a joint venture to sell a consignment of biscuits sharing profits and losses equally. A provides biscuits from stock Rs. 10,000. He pays expenses amounting to Rs. 1,000. V incurs further expenses on carriage Rs. 1,000. He receives cash for sales Rs. 15,000. He also takes over goods to the value of Rs. 2,000. What will be the amount to be remitted by V to A?a)Rs. 13,500b)Rs. 15,000c)Rs. 11,000d)Rs. 10,000Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of A and V enter into a joint venture to sell a consignment of biscuits sharing profits and losses equally. A provides biscuits from stock Rs. 10,000. He pays expenses amounting to Rs. 1,000. V incurs further expenses on carriage Rs. 1,000. He receives cash for sales Rs. 15,000. He also takes over goods to the value of Rs. 2,000. What will be the amount to be remitted by V to A?a)Rs. 13,500b)Rs. 15,000c)Rs. 11,000d)Rs. 10,000Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice A and V enter into a joint venture to sell a consignment of biscuits sharing profits and losses equally. A provides biscuits from stock Rs. 10,000. He pays expenses amounting to Rs. 1,000. V incurs further expenses on carriage Rs. 1,000. He receives cash for sales Rs. 15,000. He also takes over goods to the value of Rs. 2,000. What will be the amount to be remitted by V to A?a)Rs. 13,500b)Rs. 15,000c)Rs. 11,000d)Rs. 10,000Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
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