It contains meaning with examples, characteristics, methods of recording joint venture transactions, advantage, difference between joint venture and partnership and types of joint venture.

1. Presented To -
Proff. Pooja Jain
Presented By -
Priyansh Shrivastava
Harsh Chalisgaonkar
Abhishek srivastava
Topic – Joint Venture

2. Meaning of Joint Venture
 It is usually a temporary partnership .
 It is limited only to carryout a particular business
plan, in which the persons concerned agree to
contribute capital and to share profit (or losses).
 The parties in a joint ventures are known as
co - venturers .
 Their liability is limited to the venture
concerned for which they agree to contribute
capital and share profit or losses.

3. Examples of Joint ventures:
> Purchase and sale of goods.
> Joint consignment of goods.
> Speculation in shares.
> Underwriting of shares and
debentures.
> Construction of a building, etc.

4. Characteristics of a Joint Venture
 It is a temporary partnership which comes to an end after the
completion of a particular venture.
 It is for a specific venture.
 The partnership is without the use of a firm name.
 The main purpose it to make profit and to distribute it among
all co- ventures. Loss, if any, will also be borne in agreed ratio
or equally.

5. Methods to recoding Joint
Venture in accounting.
Difference between Joint
Venture and Partnership.
Advantage of joint
venture.
what`s next ???

6. Methods of Recording Joint Venture Transactions
 Following are the methods of recording in a Joint Venture:
i) when separate sets of books is maintained.
. Joint bank account . Account of co-ventures . Joint bank account
ii) When one of the co-venture is appointed to manage the joint venture.
iii) Recording in the books of all co-ventures
iv) Memorandum Joint Venture Account.

7.  Helps an organization to enter in to new markets or new product
lines.
 Reduces risk involved in business due to sharing of losses and
expenses
 Exiting from the business in case of failure is easier as compared
to solely owned business

8.  . Name of the firm:
JV- It is carried on without a firms name.
P- Carried on with a firm name.
 Co - Venturers /Partners:
JV- Parties are called co - venturers.
P- Parties are called partners.
 Continuity:
JV- Comes to an end after completion of a particular
venture.
P- Continuous
Distinction between Joint Venture & Partnership

12. Thank you
For your time and
attention