Multiple Choice Questions on When goods are purchased for the Joint Venture the amount is debited to ........ for UPSC EPFO Exam Preparation

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Multiple Choice Questions

When goods are purchased for the Joint Venture the amount is debited to ........

General Accounting Principles Special Journals
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    When goods are purchased for the Joint Venture, the amount is debited to

    This questions was previously asked in
    EPFO AO EO 2017
    View All EPFO Previous Year Papers

    Purchase Account

    Incorrect Answer

    Joint Venture Account

    Correct Answer

    Venturer's Capital Account

    Incorrect Answer

    Profit and Loss Account

    Incorrect Answer
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    Explanation:

    When goods are purchased for the joint venture the amount is debited to the joint venture account. 

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