Joint Venture and Memorandum Accounts

#hstutorial However, the main objective of Joint Venture business is to make a profit which is to be shared in an agreed ratio by the ventures after laying down necessary rules and regulation to guide the venture.
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[@Shamhd77]

I hated accounting because I never did it before until i joined university but now I actually like it, your videos are helpful.

[@Tuaka_Cynthia]

I have accounting exams this morning and my friend shared this video with me. I never did accounting in secondary school and facing it now in the university is like facing an insurmountable mountain. I'm glad I came across this video. Thank you.

[@alechristsoldier8034]

You're really good. You made me start loving accounting now

[@hstutorial]

To God be the glory.

[@albertterhile6384]

I am an undergraduate of economics but I am falling in love with accounting everyday

[@ChinaemeremCecilia]

I very happy with ur teachings thanks a lot 😊

[@katenekwawonanik3788]

you a powerful lecture you have made my exams easy

[@qudusshodunke4819]

With your Explanation,I've understood this topic Vividly. Thanks
I'm anticipating for more Content.

[@hstutorial]

You’re welcome. More contents will be uploaded soon please.

[@USAMAZAKARIYYA-e2r]

Please about this joint venture is different from what our lecturer teach us that's why I'm comfusing about it

[@narminamamedova3783]

Excellent explanation! Clear, simple and very understandable. Thank you so much for this video, it helped me a lot!

[@hstutorial]

Narmina Mamedova you’re welcome 😉

[@eduardoomar8213]

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I stupidly lost the account password. I would appreciate any assistance you can offer me

[@terrancedaxton3781]

@Eduardo Omar instablaster ;)

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[@eduardoomar8213]

@Terrance Daxton it did the trick and I actually got access to my account again. I am so happy!
Thanks so much you really help me out !

[@RitahKasemiire]

You really makes accounting very easy

[@abdulrahmanabubakar7780]

thanks for the explanation .
but joint ventures is for the specific business which after completing it each partner goes his own way .
my own question is that why are you bringing the balances down

[@AkinlosotuAbimbolaAdelanke]

Thanks your video helped me understand this better ❤

[@DengMichaelMajok]

I am so excited with your work.

[@riririri5054]

Your videos are so helpful
Thank you so much

[@hstutorial]

You're welcome!

[@ologuncletusolaniyi2925]

This is great, you made me understand it better.

[@NatukundaLaurine]

Thnx soo much, atleast have understood

[@chiomaemeka1]

Thank you for your free help.

[@victoria9463]

Simplified indeed ,thank you .
May you please do a tutorial for assets revaluation in partnership

[@andrewkato5031]

Thanks boss clearly got it

[@bemdonald4881]

We really appreciate sir

[@StephenKisembo]

I have really enjoyed the lecture. May God bless you. Kindly let me know how to handle bills drawn in Joint Venture Accounting?

[@SamuelKallon-xy5rk]

Thank you very much

[@ogbechieifechidere7691]

I Love this thank you so much

[@abdulrozaqrofiat4355]

Please solve question on containers account sir

[@victorokechukwu6896]

Men! Ur work was pure beautiful..wud love for u to try the lil more.complecated aspect of the venture account like with both accounts of the venturers having sales and also solving for a capital account..buh in all I loved it..just subscribed to ur channel..

[@mageshwaran1038]

Thanks for upload

[@amulishmuwayi4665]

i have liked your lesson but please post more joint venture accounts

[@hstutorial]

Okay

[@fredriqjohn6749]

I understood your lesson

[@hstutorial]

FREDRIQ JOHN 👍🏾

[@katenekwawonanik3788]

thanks alot for analysis on joint venture, i get confused when it has to do with a bank ,kindly shed more light is bank joint venture sames as memorandum joint venture account?

[@BasseyOkena-vq9if]

Thanks

[@Ms.Marzzx]

Thank you!!!

[@Genesis_aluminumco]

Love you ❤

[@footballflex3306]

And what if in the question there is for example Mary takes some stock for personal use worth 10,000 and also Jane takes the balance stock in hand worth 1,100
Will we Cr or Dr?

[@lifestylewithdaqbeeuty8730]

Thank you

[@ConfidenceMonday-tw6xn]

Thank you very much Sir,
But Sir i still have a challenge in that joint venture account.
Pls help me out

[@babakakasamaila7587]

Thank you for your support but can I have lease Account tutorial please

[@natorqueenternenge]

Please sir what is you are given a question said the other person took a balance of 40,000 worth of goods in to his own business ? Does that mean in sharing of the profit, he will be given the other partner balance?

[@akokhoutong8913]

I have entry that had confused me.
It is written that Withdraw 800 from Bank. 300 for business and 500 for personal use.
How do we record it in three column cash book?

[@jeremiahjosephsilas]

How did you find the profit and loss

[@katenekwawonanik3788]

Q: Alfa and Beta enter a joint venture to prepare a film for the Government. The Government agrees to pay Rs.200,000. Alfa contributes Rs.20000 and Beta contributes Rs.30000. These amounts are deposited into a Joint Bank Account. Payments made out of the joint bank account were:
Purchase of equipment- 12000
Hire of equipment- 10000
Wages- 90000
Material- 20000
Office expenses- 10000
Alfa paid 4000 as licensing fee. On completion, the film was found defective and the government made a deduction of 20000. The equipment was taken over by Beta at a valuation of 4000. Separate books of account were maintained for the joint venture accounting whose profits were divided in the ratio of Alfa- 2/5 and Beta- 3/5. Prepare required ledger accounts.

[@wyseroyideas]

Pls can u place down the awnser

[@kisosarah4732]

I have a question please will you help me

[@Hamza8349]

one thing i cant understand.Why profit share is debited to Joint Venture A/C?

[@JessicaTari-b3y]

sir what method is this

[@pricillakaye1701]

thank you sir for the upload. my question is , if there are different types of purchases say, maize, furniture and others and many types of sales say, cars or vans....do you just write tem as sales all together or you differentiate them according to what they are in the separate books ?

[@victorokechukwu6896]

If they are different sales records..it wud be indicated in the book

[@erastusdoove7386]

Hello @HS Tutorial make a video on Container and Royalty account please

[@Fineigbo_girl]

Please is there a video on manufacturing account

[@AzigeJohnEmmanuel]

What if let say they are to share profit on 3:2?

[@menttoba1400]

I'm having some issues in this joint venture account which I can't write cus it much example like when the question like capital share 250000 made up of 150000 ordinary shares of N1.00 each and 100000 5½ cumulative preference of N 1.00 each. The share of profit or losses between the two Musa and obi is 4:3

[@favouraugustine6646]

How do you solve a joint venture and the profit and loss to be share in ratio 3:2:2. ???

[@SamuelKallon-xy5rk]

But I need questions on joint venture account

[@Nobert2]

What's the difference between joint venture and patternship

[@mom0902]

I need a solution of last year's waec question on Joint Venture or a material where I can get the same questions solution or a similar solution. Thanks

[@RoselineHarrison-i3c]

How do I get d question

[@jenniferorjiako4416]

What if the partners are three or four can you show example

[@Sanyunorah]

That means if both accounts have losses we dont settle any ones account

[@simonebuka6337]

How do you prepare joint venture capital account

[@toyinbamidele8523]

Sir I have a question

[@itzemilia20tv41]

Good day Sir, how do we calculate in a case where there is discount or commission??

[@marvinsdaniel]

you applied the percentage of commission on sales then debit to joint venture memorandum account before opening ledger

[@itzemilia20tv41]

Thanks a lot

[@marvinsdaniel]

@@itzemilia20tv41 you are welcome,You can send a question on commission to my dim if you are having challenges

[@itzemilia20tv41]

@@marvinsdaniel I definitely will Sir. Thanks a lot, I really appreciate

[@dazzimaazugha8562]

How about subscriptions?

[@ansumanakargbo2255]

Sir am not seeing the part 1 of this video

[@GraceEwonubari-xd5do]

Please sir am really finding it difficult to calculate if they are three and their ratio is like 5: 2: 1: please how will I do it
Help me 🙏

[@wisdomkemah8242]

If they're sharing ratio of 5:2:1,u simply say 5+2+1=8,then u say 5/8*Profit,2/8*Profit,1/8*Profit, hope it helps you

[@sawkehelenhealth5438]

Where has this video been??? Jamani

[@kasondamakeche5147]

How do you treat stock of 0.5

[@kasondamakeche5147]

If given in any situation

[@AB-REVIEWS9]

Bro they is no journal entries bro.... How can u slove

[@hstutorial]

duvvuru vinaykumar.... Watch the video on ledger account you will understand better.
👍

[@AB-REVIEWS9]

Ooook sir.... Bro can slove another . Problem with method 2. Pls....

[@JessicaTari-b3y]

sir pls the question

[@RitikKumar-wq1hx]

we wants to know typical problems

[@hstutorial]

Ritik Kumar ... like?

[@hstutorial]

Like what sir?

[@pinyonggadanlamishehu9944]

Thank you