Question

What is joint venture?Various method of recording joint venture transaction.With entries?

Answer 1

Answer:

The main methods of recording the Joint Venture Transactions are: Method one Separate Set of Book Under this method, separate, books are kept dealing with Joint Venture transactions. Generally, the following accounts are opened in a separate set of books : Joint Bank Account: A separate bank account is opened.

Answer 2

Here we go...✨✨✨

The main methods of recording the Joint Venture Transactions are: Method one Separate Set of Book Under this method, separate, books are kept dealing with Joint Venture transactions. Generally, the following accounts are opened in a separate set of books : Joint Bank Account: A separate bank account is opened.