🎴 Flashcard Mode
Manager's commission on net profit - class-XI
Card1 / 58
Mastered0
Review0
QuestionClick to flip
Which of the following statements is not true ?
AnswerClick to flip back
A
Joint venture is a going concern.
💡 Explanation:
A joint venture is typically formed for a specific project or purpose and is temporary in nature. It is not a going concern, which is a concept applied to businesses intended to operate indefinitely.