Accounting for a Joint Venture construction project?

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I would like to progress more on being a senior joint venture project accountant...
Posted by:
Michael Aquino
31-March-2014

Question ajoutée par Anil M P , Sr. Accountant , Apparel Production & E-Commerce Co. Kuwait
Date de publication: 2014/03/15

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par Yusuf Dalal , General Accountant. , Gmamco Contracting LLC

In a Joint Venture account, all the expenss, Revenues, Purchases have to be directly related to that particular Joint Venture Project and at the end of the project, the balance amount of Profit/(Loss) along with the capital introduce has to be receive back in the partners current account.

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