CA CPT June 2015 Question Paper Fundamentals of Accounting for online practice
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Question : 37 of 60
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X and Y entered in a joint venture
X supplied goods worth Rs. 60,000 and paid Expenses Rs. 6,000
Y supplied goods worth Rs. 14,000 and paid Expenses Rs. 1,000
Y sold the goods for RS. 1,00,000 and he is entitled to a commission of 5% on sales. Find the profit onJoint Venture.
X supplied goods worth Rs. 60,000 and paid Expenses Rs. 6,000
Y supplied goods worth Rs. 14,000 and paid Expenses Rs. 1,000
Y sold the goods for RS. 1,00,000 and he is entitled to a commission of 5% on sales. Find the profit onJoint Venture.
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