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When goods are purchased for the joint venture, the account to be debited is

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Question:

When goods are purchased for the joint venture, the account to be debited is

A.

Purchase account

B.

Joint Venture account

C.

Venture’s capital account

D.

either Purchase account or Joint venture account

Answer» d. either Purchase account or Joint venture account

Note: The above multiple-choice question is for all general and Competitive Exams in India.