CMA foundation-Joint venture

Joint Venture A/c is –

Which of the following account is NOT to be opened in case of separate books for joint venture business are kept?

Which of theses are not relevant to a joint Venture?

When separate books for joint venture business are kept, the joint venture expanses-

The partners to joint venture are called

Which of the following accounts is not opened under Joint Venture accounts?

When purchase are made for the joint venture out of joint bank account, the …. account is debited.

Which of the following accounts does not follow double entry system of book keeping?

For stock of goods taken over by Co-venture in case of separate set of books-

The balance of Memorandum Joint Venture A/c indicates-

In Memorandum Joint Venture A/c, each Co-venture records…….

Following activities are appropriate for Joint Venture business:…….

Abnormal loss of joint Venture is debited to the following account-

For sending cash to another co-venture (Y) in case of memorandum joint venture method –

When independent books of account are maintained for joint venture business, the expense paid for joint venture is-

Kiran and Roshni have entered in a joint venture and keep separate accounts of joint venture. Kiran sold some goods on credit. Some amount of this sale become bad. Which account will be debited for this bad-debit?

For payment of joint venture expanses in case of memorandum joint venture method-

Which of the following statement is true?

There are two Co-Venture’s namely X and Y. X is recording all joint venture transaction in his books of account. Discount charges on discounting a bill received accepted by Y are debited to –

Which of the following statement is TRUE?

On supply of goods out of own stock for joint venture business-

For opening Joint Bank account of separate sets of books –

If separate set of books is maintained and discount is received at the time of purchase of goods then such a discount will be treated as-

When unsold stock is taken away by a Co-venture, the ________ is debited.

For purchase of plant from Joint bank A/c in case separate sets of books are maintained, the correct journal entry will be-