Ram has spend Rs. 20000 on account of a joint venture. What journal entry will you pass?
A. When separate set of books are kept
B. When records are kept by Ram
C. When records are kept by B
D. When records are kept by all partners
Answer:C
Ram has spend Rs. 20000 on account of a joint venture. What journal entry will you pass?
A. When separate set of books are kept B. When records are kept by Ram C. When records are kept by B D. When records are kept by all partners