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Q.1 : A for joint venture with B, purchased goods costing Rs. 2,00,000. B sold...

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Accounting

Q.1 : A for joint venture with B, purchased goods costing Rs. 2,00,000. B sold the goods for Rs. 2,80,000. Unsold material costing Rs. 10,000 was taken over by A at Rs. 8,000. A is entitled to get 1% commission on purchases. B is entitled to get 2% commission on sales, profit on venture will be: A) Rs. 80,000 B) Rs. 80,800 C) Rs. 81,200 D) Rs. 80,400

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