One of these is not a similarity between Joint Venture and Partnership.

Accounts - Principles of Accounts JAMB 2019

One of these is not a similarity between Joint Venture and Partnership.

  • AIM is profit making
  • It is for a specific venture checkmark
  • Involves two people
  • have rights and duties

The correct answer is: B

Explanation

Joint venture is for a specific venture while partnership is for a perpetual succession.

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