GENERAL ACCOUNTING PRINCIPLES (GENERAL STUDIES) Part-2

Discussion Forum: GENERAL ACCOUNTING PRINCIPLES (GENERAL STUDIES) Part-2 - Q.No: 24

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24. Joint Venture Accounting follows which concept: []

  1. (a) Accrual Concept
  2. (b) Going Concern Concept
  3. (c) Cost Concept
  4. (d) Cash Basis

Correct Answer: (d) Cash Basis

Discussion:

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