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Adarji and Bomanji were partners in a joint venture, with profits and losses split 4/5 and 1/5 respectively. Adarji contributed goods worth Rs. 50,000 and incurred Rs. 5,400 in expenses. Bomanji contributed goods worth Rs. 14,000 and incurred Rs. 800 in expenses. Bomanji sold the joint venture goods for Rs. 92,000, earning a 5% commission on sales. Bomanji settled accounts via bank draft.

Author

kulvirchanna06

Language

EN