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Commerce · Q2922

Accounting

Graduate and Post Graduate · Commerce · question 2922

Q2922

Where separate set of books are maintained, the ledger accounts required are . . . . . . . .

A.
Memorandum joint venture and joint venture account with the other party
B.
Joint venture account and the personal account of the other party
C.
Joint bank account, co-venturer capital accounts and joint bank account
Answer
D.
Joint bank account and joint venture account with the other party

Answer: Option C

Solution

Answer: Option C
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