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