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Essay Available:
Pages:
1 page/≈275 words
Sources:
No Sources
Level:
APA
Subject:
Accounting, Finance, SPSS
Type:
Math Problem
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 4.68
Topic:

Joint Venture (Math Problem Sample)

Instructions:

joint venture accounting

source..
Content:

Joint venture
Name:
Instructor:
Required:
Prepare the journal entries on 1 July 2013 in the books of M Ltd and Y Ltd to record their investment in the jointly controlled entity – L Ltd.
M LTD JOINT VENTURE WITH Y LTD
JOURNAL ENTERIES
AS AT 1ST JULY 2013
DETAILS

DEBIT

CREDIT

PLANT


50,000

TOTAL


50,000

Y LTD JOINT VENTURE WITH M LTD
JOURNAL ENTERIES
AS AT 1ST JULY 2013
DETAILS

DEBIT

CREDIT

CASH


25,000

MACHINERY


25,000


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