Accountancy, asked by sindhu2017, 1 year ago

Difference between joint venture and consignment

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Answered by ankitindia2005
1
Joint Venture: (i) The parties to a joint venture are called co-venturers. (ii) Joint venture is the result of a partnership contract for a limited purpose among the co-venturers. ... (vi) The co-venturers share the profits and losses of the joint venture in the ratio agreed upon by them.
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