One of these is not a similarity between Joint ... - JAMB Accounting 2019 Question
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
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
Please share this, thanks:
Add your answer
No responses