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Karim and Rahim enter into a joint venture company sharing profits 2:1. Karim buys goods of Rs. 2,00,000 and Rahim sells goods of Rs. 2,50,000.
Karim and Rahim enter into a joint venture company sharing profits 2:1. Karim buys goods of Rs. 2,00,000 and Rahim sells goods of Rs. 2,50,000. Karim receives a 1% commission on purchases and Rahim receives a 5% commission on sales.
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To find the profits in a joint venture between Karim and Rahim we need to calculate the total revenu...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
