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One of these is not a similarity between Joint Venture and Partnership.

Accounts - Principles of Accounts
JAMB 2019

One of these is not a similarity between Joint Venture and Partnership.

  • A. AIM is profit making
  • B. It is for a specific venture
  • C. Involves two people
  • D. have rights and duties
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Correct Answer: Option B
Explanation

Joint venture is for a specific venture while partnership is for a perpetual succession.

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