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  • Accounting for Special Transactions
  • If Anil maintains the books for his joint venture with Su...
Multiple choice

If Anil maintains the books for his joint venture with Sunil, the expenses paid by him are

  1. credited to Sunil's account

  2. credited to cash account

  3. debited to cash account

  4. credited to Anil's account

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

The correct entry is: Joint Venture account_Dr.To Cash account.

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