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CCP402
CCP402
ANDHRA PRADESH
Name : Y.Yella Reddy
Designation : HCCP
Branch : DCCP
Institute : 026,S.G.Govt.Polytechnic,Adilabad
Year/Semester : IV Semester
Subject : Accountancy-III
Subject Code : CCP-402
Topic : Joint Venture
Duration : 50 Min.
Sub Topic : Differences between Joint Venture
and Consignment
Teaching Aids : PPT, Animation
CCP-402.18 1
Objectives
2
CCP-402.18
Recap
In the last period , we learnt about the Difference
between Joint Venture and partnership.
Name
Parties/partners
Continuity
Liability
Location
Minor
No. of persons
Applicability of act
CCP-402.17 3
Differences between Joint Venture and
Consignment
Basis of Joint Venture Consignment
difference
1. Relationship Relationship of co- The relationship
venturers is like between consignor
Partnership and consignee is
principal and agent.
2. Term / Period It is confined only It is not confined to
to a particular any particular term
venture or term. or period.
3. Accounting Accounts are Accounts are
methods prepared by prepared by single
Different methods. method.
4
CCP-402.18
Differences between Joint Venture and
Consignment contd.
CCP-402.18 6
Differences between Joint Venture and
Consignment contd.
CCP-402.18 7
Summary
Differences between Joint Venture and
Consignment.
Relationship
Term/period
Accounting methods
Ownership
Profit or loss
Management and Finance
Risk and Scope
Account sales
CCP-402.18 8
Quiz
CCP-402.18 9
Quiz contd.
a. First co-venturer
b. All co-venturers collectively
c. Both
d. None
CCP-402.18 10
Frequently Asked Questions
CCP-402.18 11