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Ind AS 111 - Joint Arrangement (Accounting of Joint OPERATION)
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Hi,
Accounting of Joint VENTURE is easy (covered by Ind AS 28). In this video we will understand how to account in the books of Joint OPERATORS. Its very interesting and tricky. If you want to understand the journal entries given for Purchase or Sale of assets from / to Joint operation, given in ICAI study material, you need to understand the accounting framework for Joint Operators. The exam weightage is only 5%. But academically its very interesting and challenging.
Enjoy
Accounting of Joint VENTURE is easy (covered by Ind AS 28). In this video we will understand how to account in the books of Joint OPERATORS. Its very interesting and tricky. If you want to understand the journal entries given for Purchase or Sale of assets from / to Joint operation, given in ICAI study material, you need to understand the accounting framework for Joint Operators. The exam weightage is only 5%. But academically its very interesting and challenging.
Enjoy
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