Question

Which of the following statements is not true? (a) Joint venture is a going concern (b) Joint venture is terminable in nature (c) Joint venture does not follows accrual basis of accounting (d) He co-venturers share the profit in agreed ratio

Answer 1

[C] Joint venture does not follows accrual basis of accounting ✓✓

Answer 2

Hello Friend

Ans

Option.C

Thank you