Joint Venture-Test 4

what is the nature of Joint venture with other co-venture A/c

The transactions regarding transfer of goods from one venture to another will, under memorandum joint venture account

which of these accounts are not opened in a joint venture accounts

X a co-venturer returns goods to other co-venture Y. In whose books the transaction would be recorded under memorandum Joint venture method

If X co-ventures takes away goods for his personal use. Under memorandum method which of these accounts would be debited

When goods are purchased by Joint venture which of these accounts is debited

When the venturer recording transactions brings goods into joint venture, then these are credited to

what does the balance in Memorandum Joint Venture A/c, Shows ?

Goods sold by other co-venturer is debited to which account

The relationship between persons who have agreed to share profit or loss in Joint Venture Business

The account opened in the bank in joint name of the co-ventures

A firm which is formed for temporary period and business

Partners of joint venture business

Credit Balance of Joint Venture Account

which of these accounts is not a part of double entry system ?

Goods send by other co-venturer is debited to

Which of these terms/concepts are not relevant to Joint Venture ?

Which of these terms/concepts are relevant to Joint Venture ?

Under Joint Bank Account method which of these accounts are not opened.

Which of these is a point of difference between consignment and Joint Venture ?

The relationship between persons who have agreed to share profit or loss in Joint Venture Business

The account opened in the bank in join name of the co-ventures

A firm which is formed for temporary period and business

Partners of joint venture business

Credit Balance of Joint Venture Account

Which of these accounts is not a part of double entry system ?

Goods send by other co-venturer is debited to

If separate set of Books are maintained. Interest charged to co-venture is credited to:

In a Joint Venture between Mr. X and Mr.Y, a machinery is purchased for J.V. by Mr.X, Mr.X will debit:

When separate set of books is maintained in a Joint Venture between Mr.X and Mr.Y, the Ledger Account prepared are: