Accountancy, asked by KAPILNAGAR8608, 1 month ago

Memorandum Joint Venture account is a _____
account.

Answers

Answered by satyad1972

Explanation:

Memorandum Joint Venture Account is just like a trading and profit and loss Account. All the co- venturers prepare the same Memorandum Joint Venture Account. The balance amount of Memorandum Joint Account shows either profit or loss on Joint Venture.

Answered by sonalinandile

Answer:

Memorandum joint Venture account is a Nominal account

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