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| Q. |
Which of the following is/ are the basic features of a Joint Venture |
| A. | The profit or loss on joint venture is shared between the co-venturers in the agreed ratio; |
| B. | The co-venturers may or may not contribute initial capital; |
| C. | The JV is dissolved once the purpose of the business is over; |
| D. | All of the above. |
| Answer» D. All of the above. | |
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