Economics · Joint Venture Accounts
When separate sets of books are NOT maintained for recording Joint Venture transactions, which of the following accounts is opened in the individual ledger books of each co-venturer to record their investments?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Joint Venture Account✓
- 2Joint Bank Account
- 3Stock Reserve Account
- 4Consignment Account
Correct answer
Joint Venture Account
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