When expenses are paid on behalf of the venture, the accounting entries is to debit

Assessment: JAMB UTME - Principles of Accounts - 2023 Subject: Financial Accounting

Question 1 Report

When expenses are paid on behalf of the venture, the accounting entries is to debit
Answer Details
Expenditure paid on bahalf of joint venture
Accountint entries:
Dr: Joint venture account
Cr: Bank account

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