Accounting

Exploring the Fundamentals of Joint Venture Accounting: A Comprehensive Technical Guide

Overview of Joint Ventures A joint venture (JV) is a type of business relationship in which two or more companies join forces to achieve a common objective. The participating companies, called joint venture partners, pool their resources, including finances, expertise, and manpower, to work together on a specific project or business opportunity. Joint ventures can …

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What are Liquidating Dividends? (Definition, Journal Entry, and Example)

When a company decides to terminate (either partially or completely) the business, it liquidates all of its financial and non-financial assets including inventory, buildings, and machines. The sole purpose is accumulating enough funds to pay back liabilities to all the secured and unsecured creditors. The remaining amount is then paid to the shareholders as liquidating …

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