Question 1 Which of the following item is

Question 1 Which of the following item is not entered in joint venturer account? A. Money transferred from one venturer to other venturer B. Goods transferred from one venturer to other venturer C. Returns inwards D. Stock taken over from venturer

A is wrong. Try again please! Back to question 1

Bingo! B is the right answer. Go to question 2

C is the wrong answer. Back to question 1 and try again please! Back to question 1

This answer is wrong. Try again please! Back to question 1

Question 2 In the question, whose bad debts do not need to enter in joint venture account? A. Renee B. Emily C. Queenie D. None of the above

Oh! It is not the right answer. Try again please! Back to question 2

You are wrong. Be work hard and try again! Back to question 2

Right! You can answer question 3. Go to question 3

This is the impossible answer. Back to the question and try again! Back to question 2

Question 3 Which account(s) is/are not the double entry? A. Memorandum joint venture B. Joint venture with other party/parties C. All of the above D. None of the above

It is a correct answer. Be work hard! Account is very funny, right? Go to question 4

You have to try again. It is not the correct answer. Back to question 3

Incorrect! Try again please! Back to question 3

Oh!It is incorrect. The correct answer is……. Try again , then you can know the correct one. Back to question 3

Question 4 Which of the following(s) is/are not the characteristic(s) of memorandum joint venture account? 1. It is not a double entry account. 2. To find out the shares of net profit and loss. 3. To help calculate the accounts payable and receivable to close the venture. 4. To record expenses only. A. 1 only B. 1 and 2 C. 2, 3 and 4 D. 1, 2 and 3

It is wrong. Think it again carefully! Back to question 4

This is not the best answer. Try again! Back to question 4

This is the wrong answer. You have to answer it again. Back to question 4

Correct! The answer is D. Answer next question please! Go to question 5

Question 5 If the company paid wages to one party, which of the following double entry in the joint venture is correct? A. Dr Joint venture with other party Cr Wages B. Dr Wages Cr Joint venture with other party C. Dr Bank Cr Wages D. Dr Joint venture with other party Cr Profit and Loss Account

This is incorrect answer. Answer once more please! Back to question 5

Wrong! It is not the right answer. Please try again! Back to question 5

It’s wrong. Try again please! Find out the correct one. Back to question 5

Well done! This is the correct answer.

Congratulation! You had finished all the questions.