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P10- Joint Venture Numerical Problem Solution | Memorandum Joint Venture Account Explained | BCOC131

P10- Joint Venture Numerical Problem Solution | Memorandum Joint Venture Account Explained | BCOC131

8. 00:05 Gita of Delhi and Sita of Calcutta entered into a Joint Venture for the purchase and sale of goods. The profits and losses are to be shared in the ratio of 2 : 1.
Prepare :
(a) Memorandum Joint Venture Account
(b) Joint Venture with Sita’s Account in Gita’s Ledger
(c) Joint Venture with Gita’s Account in Sita’s Ledger

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