Joint venture account (Books of A)

Rs Particular Rs
Particular
To cash a/c 76000 By B's (sales) 80000
(goods
purchase)
⁸To cash a/c 4000 By cash/bank 46500
(expenses) a/c (sales)
To B’s a/c 25000
(goods
supply)
To B’s a/c 500
(expense)
To B’s a/c 2000
(sales
commission)
To cash a/c 1000
(storage
expenses)
To cash a/c 4000
(commission
expenses)
To P&L a/c 7000
To B’s a/c 7000
Total 126500 126500
 B's (Account)
Particular Rs Particular Rs
To j.v a/c 80000 By j.v a/c 25000
By j.v a/c 500
By j.v a/c 2000
By j.v a/c 7000
By Bank 45500
Total 80000 80000
Joint Venture Account (Books of B)
Particular Rs Particular Rs
To A’s a/c 76000 By 80000
cash/bank
a/c
To A’s a/c 4000 By A’s a/c 46500
To sales 25000
a/c
To cash 500
a/c
To cash 2000
a/c
To A’s a/c 1000
To A’s a/c 4000
To P&L a/c 7000
To A’s a/c 7000
Total 126500 126500
 A’s (Account)
Particular Rs Particular Rs
To j.v a/c 46500 By j.v a/c 76000
To Bank 45500 By j.v a/c 4000
By j.v a/c 1000
By j.v a/c 4000
By j.v a/c 7000
Total 92000 92000