joint venture vs joint operation

where the separate entity is not formed then it is joint operation and where the two entities come together an d float a separate entity and the contractual arrangements provide that they have share in assets liabilities income and expenses and also the parties involved in such arrangements get a share in the assets liabilities income and expenses of such arrangements and the parties get their output of such arrangements and the entity derives the cost of providing the output from the parties then it is joint operation otherwise it is the joint venture. Video Details ------------- Consolidated Financial Statements under Ind AS Consolidated Financial Statements under Ind AS #57. Illustrations 31 - 32

natarajan k

CA Inter

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16-Dec-24 22:35

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