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When each co-venturer open his own account, the profit from Joint Venture A/c is A Credited to joint venture with other A/c B C

 

When each co-venturer open his own account, the profit from Joint Venture A/c is A Credited to joint venture with other A/c B C Debited to joint venture with other A/c Debited to memorandum A/c D Credited to general profit and loss A/c

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