One of these is not a similarity between Joint Venture an...
One of these is not a similarity between Joint Venture and Partnership.
AIM is profit making
It is for a specific venture
Involves two people
Have rights and duties
Correct answer is B
Joint venture is for a specific venture while partnership is for a perpetual succession.
Deferred charges are also known as ...
The use of three column cash book is determined by ...
The major advantage of an imprest system is that it ...
The realization concept states that ...
In which of the following is purchase of fixed assets on credit first recorders? ...
In dealing with incomplete records, fixed assets are posted to? ...
A transaction that would cause the cash book balance to be less than the bank statement balance...
The value of the sales ledger control account is derived from the summation of ...