Stock left over taken by a Co- venturer is—

Related MCQs

• If any stock is taken by a co-venturer, it will be treated as
• If the Assets of A ltd having Book Value of Rs 10,00,000 are taken over at Rs 15,00,000 and Liabilities having a book value of Rs 5,00,000 are taken over at Rs 4,00,000 than Purchase Consideration payable would be
• Opening Stock ` 15,000, Closing Stock ` 6,000, Total Purchase during the year ` 30,000. Given that Opening Stock inadvertently includes postage stamps of ` 1,500. Find the cost of goods sold
• Goods are transferred from Department X to Department Y at a price so as to include a profit of 33.33% on cost. If the value of closing stock of Department Y is ` 48,000, then the amount of stock reserve on closing stock will be
• Goods are transferred from Department A to Department B at a price so as to include a profit of 33.33% on cost. If the value of closing stock of Department Y is `36,000, then the amount of stock reserve on closing stock will be
• Joint Venture with…………..(another co-venturer) A/c is a ——
• Goods received from other co-venturer is debited to ……
• In case of Memorandum Method, when there are three co-ventures, each co-venturer opens in his books for the venture
• In Memorandum Joint Venture Account Method, the co-venturer records
• The share of profit of the co-venturer maintaining the records is credited to