Give The Journal Entry Under The Method Where Separate Set Of Books I

1.	Give The Journal Entry Under The Method Where Separate Set Of Books Is Kept When Cash Contributed Or Invested Or Paid- In-by Co- Ventures?
Answer» JOINT BANK A/C DR XXX To RESPECTIVE Co-venture A/C xxx Joint Bank A/C Dr xxx To Respective Co-venture A/C xxx

Give The Journal Entry Under The Method Where Separate Set Of Books Is Kept When Cash Contributed Or Invested Or Paid- In-by Co- Ventures?

Answer»

To RESPECTIVE Co-venture A/C xxx

Joint Bank A/C Dr xxx

To Respective Co-venture A/C xxx