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  • Accounting for Special Transactions
  • When goods are taken over by a co-venturer, _______ accou...
Multiple choice

When goods are taken over by a co-venturer, _______ account is credited.

  1. joint venture

  2. co-venturer

  3. stock

  4. profit and loss

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The entry is: co-venturer account_____ Dr. to joint venture account Co-venturer account is debited. Stock can't be credited.

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