a) Loading Meaning Loading in accounting refers to the amount added to the cost price of goods to arrive at the invoice price. This additional amount includes profit margin or markup. Loading is commonly used in consignment accounting to ensure that goods are recorded at an inflated price for internal tracking and profit-sharing purposes. Purpose […]
Write short notes on the following: a) Loading b) Joint venture Read More »
Introduction A joint venture is a temporary business arrangement where two or more persons come together to carry out a specific project for a short duration. In many cases, a separate set of books is not maintained for joint ventures. Instead, the co-venturers record the transactions in their own books using various methods. These methods
Introduction A joint venture is a temporary business arrangement where two or more parties come together to undertake a specific project or business activity. Each party contributes resources and shares profits and losses in an agreed ratio. Though often confused with consignment, a joint venture has distinct characteristics and legal implications. Main Body Salient Features
State the salient features of joint venture. Distinguish it from consignment. Read More »
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