Question on: JAMB Accounting - 2019
One of these is not a similarity between Joint Venture and Partnership.
A
AIM is profit making
B
It is for a specific venture
C
Involves two people
D
have rights and duties
Ask EduPadi AI for a detailed answer
Correct Option: B
The main difference between a joint venture and a partnership is that the members of a joint venture have teamed together for a particular purpose or project, while the members of a partnership have joined together to run "a business in common". Each member of the joint venture retains ownership of his or her property.
via thebalancesmb
Add your answer
Please share this, thanks!
No responses