Memorandum Joint Venture Account is prepared to find out :
(a) Amount due from the co-venturers
(b) Profit or loss on the joint venture
1
Only (a)
2
Only (b)
3
Both (a) and (b)
4
Neither (a) nor (b)
Memorandum Joint Venture Account is prepared to find out :
(a) Amount due from the co-venturers
(b) Profit or loss on the joint venture