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IFRS11 Joint arrangements and IAS28 Investments in Associates and Joint Ventures prescribes the accounting treatments for Joint Arrangements. What do you understand by the phrase

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IFRS11 Joint arrangements and IAS28 Investments in Associates and Joint Ventures prescribes the accounting treatments for Joint Arrangements. What do you understand by the phrase "Joint arrangements"? Distinguish between joint operations and joint ventures, clearly stating the accounting treatment for each

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