9) A and B entered into a joint venture profit sharing ratio between A and B is 3:2 .A purchased goods costing Rs.2,00,000.other expenses of A Rs.10,000. B sold the goods for Rs.1,80,000.remaining goods were taken over by B at Rs.20,000 amount of final remittance to be paid by B to A will be

10) A and B entered into a joint venture to construct a bridge. They did not open separate set of books .they shared profit & loss as 3:2.C contributed Rs.1,50,000 for purchase of materials .D paid wages amounting to Rs.80,000 expenses were paid as : C - 5,000 , D - 15,000 , C purchased one machine for Rs.20,000 machine was taken over by C for Rs.10,000 contract value of Rs.3,00,000 was received by D .What will be the profit on venture

11) R and M entered into a joint venture to purchase and sell new year gifts .They agreed to share the profit and losses equally .R purchased goods worth Rs.1,00,000 and spent Rs.10,000 in sending the goods to M .he also paid Rs.5.000 as insurance .m spent Rs.10,000 as selling expenses and sold goods for Rs 2,00,000 remaining goods were taken over by him at Rs.5,000.What will be the amount to be remitted by M to R as final settlement ?

12) R and M entered into a joint venture to purchase and sell new year gifts .They agreed to share the profit and losses equally .R purchased goods worth Rs.1,00,000 and spent Rs.10,000 in sending the goods to M .he also paid Rs.5.000 as insurance .m spent Rs.10,000 as selling expenses and sold goods for Rs. 2,00,000 remaining goods were taken over by him at Rs.5,000.What will be the profit on venture ?

15) A bought goods of the value of Rs.10,000 and consigned them to B to be sold by them on a joint venture , profits being divided equally. A paid Rs.1,000 for freight and insurance A draws a bill on B for Rs.10,000 A got it discounted at Rs.9,500.B sold the goods for Rs.15,000. Commission payable to B , Rs.500.Find out the profit on venture?

16) A bought goods of the value of Rs.10,000 and consigned them to B to be sold by them on a joint venture , profits being divided equally .A paid Rs.1,000 for freight and insurance A draws a bill on B for Rs.10,000 A got it discounted at Rs.9,500.B sold the goods for Rs.15,000. Commission payable to B , Rs.500.the amount to be remitted by B to A will be

22) A and B were partners sharing profit and losses in the ratio of 3/5th and 2/5th respectively .A supplies goods to the value of Rs.80,000 and incurred expenses amounting Rs.6,000 . B supplies goods to the value of Rs.14,000 and his expenses amount to Rs.2,000 .B sells goods on the behalf of the joint venture and realizes Rs.1,50,000.B entitled to a commission of 5% on the Sales .B settles his account by bank draft . Find out A's share of profit on venture ?

23) A and B were partners sharing profit and losses in the ratio of 3/5th and 2/5th respectively .A supplies goods to the value of Rs.60,000 and incurred expenses amounting Rs.6,000 . B supplies goods to the value of Rs.16,000 and his expenses amount to Rs.3,000 .B sells goods on the behalf of the joint venture and realizes Rs.1,20,000.B entitled to a commission of 5% on the Sales .B settles his account by bank draft .How much amount will pay to A as final settlement ?

24) R and M entered into a joint venture to sell a consignment of biscuits .They agreed to share the profit and losses equally. R provides biscuits from stock Rs.10,000.He pays expenses worth Rs.1,000 and M incurred further expenses on carriage Rs.1,000. He receives cash for Sales Rs.15,000.he also takes over goods to the value of Rs.2,000. what will be the amount to be remitted by M to R

25) R and M entered into a joint venture to sell a consignment of biscuits .They agreed to share the profit and losses equally .R provides biscuits from stock Rs.10,000.He pays expenses worth Rs.1,000 and M incurred further expenses on carriage Rs.1,000. He receives cash for Sales Rs.15,000.he also takes over goods to the value of Rs.2,000. Find out profit on venture.

26) A purchased 1,000 Kg of rice costing Rs.200 each .,Carriage 2,000, insurance 3,000.4/5th of the boxes were sold by B at Rs.250 per boxes. Remaining stock were taken over by B at cost,. The amount f stock taken over will be

28) A and B were partners sharing profit and losses in the ratio of 3/5th and 2/5th respectively .A supplies goods to the value of Rs.60,000 and incurred expenses amounting Rs.6,000 . B supplies goods to the value of Rs.14,000 and his expenses amount to Rs.6,000 .B sells goods on the behalf of the joint venture and realizes Rs.1,00,000.B entitled to a commission of 5% on the Sales .B settles his account by bank draft .find out the profit on venture ?

35) A and B enter into a joint venture by opening a joint bank account contributing Rs.2,00,000.each. The expenses incurred on venture is exactly equal to Rs.2,00,000.Once the work is completed , contract money received by cheque Rs.4,00,000 and in shares Rs.50,000 .The shares are sold for Rs.40,000 what will be the profit

39) In a joint venture .A contributes Rs,5000 & B contributes Rs.10,000.goods are purchased for Rs.11,200.Expenses to amount Rs.800.Sales amount to Rs.14,000 the remaining goods were taken over by b at Rs.400.A & B share profit & loss equally in the ratio of 1;2 respectively .As a final settlement ,how much A will receive ?

92) A purchased goods costing Rs.4,00,000 , B sold 4/5th of the goods for Rs.5,00,000.balance goods were taken over by B at cost less 20% ,if the same sets of books is maintained ,find out profit on venture?

93) A purchased goods costing Rs.4,00,000 , B sold 4/5th of the goods for Rs.5,60,000. unused material costing Rs.20,000 taken over by A at Rs.16000 is entitle to get 1% commission on purchase .b is entitle to get 2% on sales .Profit sharing ratio equal ,A's share of profit on venture will be

98) In joint venture A contributes Rs.10,000 & B contributes Rs.20,000 ,Goods are purchased for Rs.22,400.Expenses amount to 1,600 . Sales amount to Rs.28,000.The remaining goods were taken by B at an agree price of Rs.800.A & B share profit & losses in the ratio of 1:2 respectively ,as a final settlement ,how much A will receive ?

99) A and B enter into a joint venture by opening a joint bank account contributing Rs.4,00,000.each. The expenses incurred on venture is exactly equal to Rs.4,00,000.Once the work is completed , contract money received by cheque Rs.4,00,000 and in shares Rs.1,00,000 .The shares are sold for Rs.80,000 what will be the profit

149) P and Q enter into a Joint Venture sharing profits and losses in the ratio 3:2. P purchased goods costing Rs.2,00,000. Other expenses of P Rs.10,000. Q sold the goods for 1,80,000. Remaining goods were taken over by Q at Rs.20,000. The amount of final remittance to be paid by Q to P will be:

150) C and D entered into a Joint Venture to construct a bridge. They did not open separate set of books. They shared profits and losses as 3:2. C contributed Rs.1,50,000 for purchase of materials. D paid wages amounting to Rs.80,000. Other expenses were paid as:

C â€“ Rs.5,000 D â€“ Rs.15,000

C purchased one machine for Rs.20,000. The machine was taken over by C for Rs.10,000. Total contract value of Rs.3,00,000 was received by D. What will be the profit on venture?