Which of the following is not a feature of a Joint venture?

Related MCQs

• P and Q are partners sharing profit and loss in the proportion 2:1 in the Joint Venture. P keeps accounts of joint venture. Q gave Rs. 5,000 to P for joint venture business. P prepared accounts and showed profit of Rs. 2,250. P settled Q’s account. In the books of Q, Rs. _______ profit is credited.
• When a complete set of books are maintained for the joint venture and in case where an amount is spent on account of expenses or for purchasing goods for the venture, the entry would be
• Which of these is not a feature of a Joint venture
• Which of these accounts are not opened in a joint venture
• Which of these term is not found in a Joint Venture business
• Which of these accounts are not opened in a joint venture:
• Which of the following is/ are the basic features of a Joint Venture
• Which of the following is/ are the basic features of a Joint Venture
• The following accounts should be opened in the case of separate set of books in Joint Venture Account.
• What does the balance in Memorandum Joint Venture A/c shows—