GENERAL ACCOUNTING PRINCIPLES (GENERAL STUDIES) Part-2

Discussion Forum: GENERAL ACCOUNTING PRINCIPLES (GENERAL STUDIES) Part-2 - Q.No: 22

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22. When unsold stock is taken away by a co-venturer, then ______account is debited: []

  1. (a) Joint Stock
  2. (b) Joint Venture
  3. (c) Joint Bank Account
  4. (d) Co-venturers capital account

Correct Answer: (d) Co-venturers capital account

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