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