GENERAL ACCOUNTING PRINCIPLES (GENERAL STUDIES) Part-2

Discussion Forum: GENERAL ACCOUNTING PRINCIPLES (GENERAL STUDIES) Part-2 - Q.No: 27

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27. X spending a sum of Rs. 10000 on account of joint venture, will be credited to _____ account in case of the records being maintained in the books of X.: []

  1. (a) Memorandum J.V.
  2. (b) Joint Venture
  3. (c) Co-Venturers
  4. (d) Cash

Correct Answer: (d) Cash

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