![Mcqmate logo](https://mcqmate.com/public/images/logos/logo-black.png)
![Mcqmate logo](https://mcqmate.com/public/images/logos/logo-white.png)
McqMate
Q. |
A purchased goods costing 2,60,000 for joint venture with B. B sold a major part of the goods at cost plus 25% on cost, for 2,50,000. Balance of goods were taken over by B at cost less 10%. Find out profit/loss on Joint Venture. |
A. | (Loss) 10,000 |
B. | 55,250 |
C. | 44,000 |
D. | 50,000 |
Answer» C. 44,000 |
View all MCQs in
Fundamentals of Accounting