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Match the following pairs:
| Group ‘A’ | Group ‘B’ | ||
| (a) | Partnership Deed | (1) | Central Processing Unit |
| (b) | Excess of assets over liabilities | (2) | Purchase price plus installation charges |
| (c) | CPU | (3) | Written agreement |
| (d) | Co-venturer | (4) | Purchase price less Scrap Value |
| (e) | Cost of fixed assets | (5) | Capital |
| (6) | Partner in joint venture | ||
| (7) | Oral agreement | ||
| (8) | Liabilities | ||
Concept: Meaning and Definitions of Partnership and Partnership Deed
Write a short note on E-Commerce ?
Concept: Partnership Final Accounts
What is a partnership deed?
Concept: Meaning and Definitions of Partnership and Partnership Deed
What is the relationship between co-venturers?
Concept: Meaning and Definitions of Partnership and Partnership Deed
Concept: Partnership Final Accounts
The account in which banking transactions of joint venture are recorded.
Concept: Meaning and Definitions of Partnership and Partnership Deed
Co-venturers’ liability is_________.
Concept: Meaning and Definitions of Partnership and Partnership Deed
Physical devices of computer system are known as ____________.
Concept: Meaning and Definitions of Partnership and Partnership Deed
Surekha and Sangita decided to undertake a venture jointly. They agreed to share profits and losses in the ratio of 3 : 2. Surekha supplied from her own stock goods worth Rs. 4,00,000 and paid Rs. 9,900 for freight and Rs. 2,400 for insurance. Sangita purchased goods of Rs. 3,90,000 for the venture and paid Rs 14,000 for selling expenses. Sangita accepted a bill for 3 months of Rs. 1,90,000 drawn by Surekha as an advance. The bill was discounted immediately by Surekha for Rs. 1,84,000 and the amount of discount was charged to Joint Venture Account. Sangita sold all the goods for Rs. 10,00,000. At end of the venture, the accounts were settled. Give journal entries in the books of Surekha.
Concept: Partnership Final Accounts
Answer in one sentence only.
What is the Fixed Capital Method?
Concept: Methods of Capital Accounts - Fixed and Fluctuating Capital Method
Answer in one sentence only.
What is the Fixed Capital Method?
Concept: Methods of Capital Accounts - Fixed and Fluctuating Capital Method
Concept: Meaning and Definitions of Partnership and Partnership Deed
Concept: Meaning and Definitions of Partnership and Partnership Deed
Unsold stock of Joint Venture taken over by co-venturer is credited to ____.
Concept: Meaning and Definitions of Partnership and Partnership Deed
Concept: Meaning and Definitions of Partnership and Partnership Deed
Rokadimal of Rajkot and Gunjal of Pune, entered into a Joint Venture to purchase and sale goods and agreed to share profit and losses in the proportion of 4 : 1 respectively.
Rokadimal paid Rs 11,500 for carriage.
Rokadimal discounted this bill with the bank for Rs 92,000.
Gunjal paid Rs 13,500 got advertisement.
Gunjal paid Rs 7,000 for selling expenses and he is entitled for a commission on sales at 5% Co-venturers settled their accounts.
Concept: Partnership Final Accounts
Concept: Meaning and Definitions of Partnership and Partnership Deed
What is a Computer?
Concept: Meaning and Definitions of Partnership and Partnership Deed
Concept: Meaning and Definitions of Partnership and Partnership Deed
An account opened in the bank in a joint name of the co-venturers.
Concept: Meaning and Definitions of Partnership and Partnership Deed
