1. allows owners to control the treatment of assets of the joint venture.2. enables the performance of acts 3. let know the financial position of the undertaking on the date of any one that acts in the asset, liability and costs.
1. allows owners to retain control of the business assets second. It helps to know the results of operations of the Company 3. It helps to know the financial position of the Company as of that day. The Company's assets, liabilities and equity
1. Help the owner can control the assets of the business, 2 . Help to know the performance of the business 3. Help to know the financial position of the business at any day that business in assets, liabilities and capital.