Murari and Mihir entered into a joint venture and agreed to divide the profit as Murari 60% and Mihir 40% Murari and Mihir contributed Rs 60,000 and Rs 40,000 respectively for carrying on transactions relating to the venture They opened a Joint Account with the above contributions They purchased three old State Buses for Rs 80,000 Murari and Mihir personally paid Rs 15,000 and Rs 10,000 respectively for repairs and renewals They purchased few tyres and tubes costing Rs 18,000 Two buses were sold for Rs 90,000 and the third one was taken by Mihir at cost price Show the Joint Venture Account, Joint Bank Account and the Coventurers Accounts.