Accounts help needed

1618 views 7 replies

 

Tinku & Bunty entered into Joint Venture to
share profits and losses in the ratio of 2 :1.
Tinku supplied 200 refrigerators costing
Rs.2,00,000 to Bunty, incurring freight charges
of Rs.10,000. Bunty sold 190 refrigerators for
Rs.2,40,000 and took over the remaining 10
refrigerators for himself. The result of Joint
venture =?
a) Loss Rs. 40,000 b) Profit Rs. 30,000
c) Profit Rs. 40,000 d) Profit Rs. 40,500
Replies (7)

ye questn aya tha kya.

 

there wil be profit on joint venture of Rs 40500/-

 

MERA 40000 AA RAHA THA

total price of 200 refrigerators is Rs 2100000

and price per refrigerator is Rs 1050 

with this cost of 190 refrigerators is Rs 199500

so remaining 40500 is profit on venture, as at which cost remaining 10 refrigerators is not mentioned

Ans 40500

Purch          amt              sales         amt

200 qty      2,00,000      190qty      2,40,000

frgt                 10,000       10qty "R'    10,500     ( 10x 1050 )" NRV princi"

   Total       2,10,000                          2,50,500

         so 2,50500 - 2,10,000 = 40500 ANS 

          

Originally posted by : umesh yadav

Ans 40500

Purch          amt              sales         amt

200 qty      2,00,000      190qty      2,40,000

frgt                 10,000       10qty "R'    10,500     ( 10x 1050 )" NRV princi"

   Total       2,10,000                          2,50,500

         so 2,50500 - 2,10,000 = 40500 ANS 

          

agreed

@ umesh

freight charges are for 200 refrigerators and not for 190 so proportionate cost is to be consider.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details
Company
ARTICLESHIP 18 June 2026
Article Assistance

RB KESHRI & CO.

Mumbai

CA Inter

View Details
Company
25 June 2026
AUDIT MANAGER

JDAS & ASSOCIATES

New Delhi

CA

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 27 June 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
25 June 2026
Accounts & Taxation Executive

Dindukurthy & Associates

Hyderabad

MBA

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 30 June 2026
Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details