Question

What is joint venture?Explain various methods the joint venture transaction.Give entries in each case?

Answer 1

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$\textsf{\pink{Q.}}$What is joint venture?

$\textsf{\pink{Ans.}}$A $\bold{Joint\: Venture}$ (JV) is a cooperative enterprise entered into by two or more business entities for the purpose of a specific project or other business activity. 

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Answer 2

 (JV) is a cooperative enterprise entered into by two or more business entities for the purpose of a specific project or other business activity.