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Question 1 reset
The branches of commercial banks should report suspicious transactions to
Question 2 reset
Joint venture comes to an end as soon as the particular venture is over.
Question 3 reset
Joint venture is a restricted partnership.
Question 4 reset
The relation between the co-venturers is that of a Principal and an Agent.
Question 5 reset
Liability of the co-venturers is unlimited.
Question 6 reset
Joint venture is a non-trading concern.
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A consignment account is in the nature of 'Nominal Account'.
Question 8 reset
Goods despatched by a manufacturer or wholesaler to an agent for sale are called Consignment.
Question 9 reset
Abnormal loss is credited to Consignment.
Question 10 reset

Find Operating Expenses if

  • Salaries = 36000
  • Rent = 4000
  • Utilities = 1200
  • Depreciation = 800

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