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Joint Venture

Vijaya Kumar V
11/09/2018 0 0

Joint venture is a short term partnership. In joint venture, 2 or more persons join together to venture into a specific activity.

Ex, Road laying for 5kms

Joint venture account is a straightforward account which is similar to profit and loss account is used to understand the result of the venture.

Joint venture ledger balances are settled after the venture is executed.

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