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Q. |
P and Q are partners sharing profit and loss in the proportion 2:1 in the Joint Venture. P keeps accounts of joint venture. Q gave Rs. 5,000 to P for joint venture business. P prepared accounts and showed profit of Rs. 2,250. P settled Q’s account. In the books of Q, Rs. _______ profit is credited. |
A. | Rs. 2,250 |
B. | Rs. 750 |
C. | Rs. 1,500 |
D. | Rs. 5,750 |
Answer» B. Rs. 750 |
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