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Teaching Accountancy Accounting for Specific Business and Transactions Question Bank MCQ - Accounting for Specific Business and Transactions

  • question_answer
    When memorandum joint venture method is followed in the books of X, joint venture with Y A/c will be credited with...........for amount received by X.

    A)  Y                                            

    B)  cash

    C)  Sales                                       

    D)  debtor

    Correct Answer: B

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