Q. Memorandum Joint Venture Account is prepared to find out (Solved)
1. Amount due from the co-venturers
2. Profit or loss on the joint venture
3. Sale’s account
4. Purchases account
- b. Profit or loss on the joint venture
1. Amount due from the co-venturers
2. Profit or loss on the joint venture
3. Sale’s account
4. Purchases account