profit and loss ascertained in joint venture
a) yearly
b) half yearly
c) on completion of deal
d) none of them
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In order to ascertain profit or loss of Joint Venture we have to prepare Memorandum Joint Venture Account. In order to prepare Memorandum Joint Venture Account, one co-venturer sends another co-venturer a copy of the account kept by him. ... All the co- venturers prepare the same Memorandum Joint Venture Account.
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Answer:
on completion of deal
Explanation:
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