0. A and B jointly underwrite 25,000 shares of 20 each issued by XYZ Ltd. It was agreed with the company that they would be allotted 1,000 shares s fully paid up towards their commission. Their profit sharing ratio is 3:2. Applications were received from the pubic only for 22,500 shares. A paid 4,000 for postage and advertisement in addition to 60 per cent of the amount required to take up the short subscription on B financed the balance amount. All the shares including those allotted as commission were sold. A sold 1,500 shares for 35,000 and B sold the balance of shares @ 24 per share. B incrred expenses 2,000. Sale proceeds were retained individually. Prepare: (i) Joint Venture A/c ; (ii) Joint Bank A/c ; (iii) A's A/c (iv) B's A/c. Profit 27,000; Final amount due to A by B 15,200] (B.Com. Panjab)