CA CPT Model Test Paper 5 with solutions for online practice

Question : 7 of 200

Marks: +1, -0

Which of the following statement is true?

When separate set of books is maintained, expenses paid by venturer will be credited to joint bank account.
When separate set of books is maintained, expenses paid by venturer will be credited to venturer,s capital account.
When separate set of books is maintained, expenses paid by venturer will be credited to joint venture account.
When separate set of books is maintained, expenses paid by venturer will be credited to Outstanding Expenses Account.

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