alleryStart learning →A joint venturer accounts for its interest in a joint venture using:
Aproportionate method
Bthe equity method
Cline-by-line method
Dfair value method
Answer & Solution
Correct answer: B. the equity method
Ind AS 111 requires a joint venturer to recognise an investment and apply the equity method of Ind AS 28.
Keep practising Ind AS 27, 28 and 111 Separate Financial Statements, Associates and Joint Ventures
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