Question

Which of this is not a feature of a
Joint Venture?​

Answer 1

Answer:

send the options please.

Answer 2

Answer:

When Separate Books of Accounts are not kept for the Joint Venture. Separate Joint venture account and personal accounts of other co-venturers are opened under this method of accounting. Joint venture account is debited and bank account or creditor account is credited on the account of goods purchased or expensed.

Explanation:

When Separate Books of Accounts are not kept for the Joint Venture. Separate Joint venture account and personal accounts of other co-venturers are opened under this method of accounting. Joint venture account is debited and bank account or creditor account is credited on the account of goods purchased or expensed.