1) m & n enter into joint venture, m supplies 6000 worth of goods and n sold lot of 7500 & exp of M 100 & N is 200 P&L sharing is equal.....amt of remittance N to m will be? pls explain with answer..........
2)P & Q shared p&l 3:2....p purchased goods costing 200000.other exp 10000......Q sold goods 180000....remaining goods taken over by Q at 20000.....amt of final remittance to be paid by Q to P will be?
3) A purchased 1000 kg rice costing 200\each......A exp 5000.....4/5 th of goods sold by B at rs 250/each......remaining taken over by B at cost ......the amt of stock taken over will be?
4) A bought goods worth 10000 & consigned to B to be sold by them o a joint venture profits & losses shared equally.............A paid exp 1000.... A draws bill for 3 months & discounted with 9500 B sold goods for 15000 commission payable to b is 500.....amt remitted by B to A is ? pls explain........
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