Multiple Choice Questions on Joint venture relationship resembles closely ........ for UPSC EPFO Exam Preparation

Accounting as a financial information system

General Accounting Principles

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    Joint venture relationship resembles closely:

    a consignment.

    Incorrect Answer

    a partnership.

    Correct Answer

    the company

    Incorrect Answer

    sole trading concern

    Incorrect Answer
    Explanation:

    A joint venture is an association of two or more entities combining property and expertise to carry out a single business enterprise. The entities can be corporate, governmental, or individual. A Joint Venture can be termed as a contractual arrangement between two companies, aiming to undertake a specific task. These all are same as partnership .


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