Accountancy, asked by thank7892, 1 year ago

Joint venture and partnershiop

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Answered by Arjunsagar12

1

A joint venture can be described as a contractual arrangement between two companies that aims to undertake a specific task. Whereas, a partnership involves an agreement between two parties wherein they agree to share the profits as well as any loss incurred. ... Joint ventures can be formed for specific purposes.

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