Explain The Meaning Of Memorandum Joint Venture Account?

1.	Explain The Meaning Of Memorandum Joint Venture Account?
Answer» It is PREPARED through memoranda i.e. transactions are directly entered in the MEMORANDUM Joint Venture Account. It is MERELY a statement SHOWING profit or LOSS on venture. It is prepared through memoranda i.e. transactions are directly entered in the Memorandum Joint Venture Account. It is merely a statement showing profit or loss on venture.

Answer»

It is PREPARED through memoranda i.e. transactions are directly entered in the MEMORANDUM Joint Venture Account. It is MERELY a statement SHOWING profit or LOSS on venture.

It is prepared through memoranda i.e. transactions are directly entered in the Memorandum Joint Venture Account. It is merely a statement showing profit or loss on venture.

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Explain The Meaning Of Memorandum Joint Venture Account?

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