Q. P and Q are partners sharing profit and loss in the proportion 2:1 in the Joint Venture. P keeps accounts of joint venture. Q gave Rs. 5,000 to P for joint venture business. P prepared accounts and showed profit of Rs. 2,250. P settled Q’s account. In the books of Q, Rs. _______ profit is credited. (Solved)

1. Rs. 2,250

2. Rs. 750

3. Rs. 1,500

4. Rs. 5,750

  • b. Rs. 750
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