Accountancy, asked by VishalSoun, 2 months ago

What are the salient features of joint ventures? Explain

Answers

Answered by anshikaixd
1

Explanation:

Salient Features of Joint Venture

Pooling of resources and expertise: Firms pool their resources like capital, manpower, technical know-how, and expertise, which helps in large-scale production. Sharing of profit and loss: The co-venturers agree to share the profits and losses of the business in an agreed ratio.

Answered by zainab017
0

Answer:

Salient Features of Joint Venture

Pooling of resources and expertise: Firms pool their resources like capital, manpower, technical know-how, and expertise, which helps in large-scale production. Sharing of profit and loss: The co-venturers agree to share the profits and losses of the business in an agreed ratio.

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