Question

Which of the following is odd one ?

• A. Memorandum joint venture A/c
• B. Joint Banking A/c
• C. Joint venture with B A/c
• D. Normal loss A/c

Answer 1

The correct option is D Normal loss A/c

'Normal loss A/c' is not prepared under joint venture accounting. Therefore it is the odd one out of four accounts. Other three accounts are related to Joint venture transaction.