Jack and Wellie enter a joint venture to share profits or losses equally resulting from dealings in
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Jack and Wellie enter a joint venture to share profits or losses equally resulting from dealings in second-hand, TVs. Both parties take an active part in the business, each recording their own transactions. They have no joint banking account or separate set of books.
Show the relevant accounts in the books of both joint venture's.
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Related Book For
Frank Woods Business Accounting Volume 1
ISBN: 9781292084664
13th Edition
Authors: Alan Sangster, Frank Wood
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