(a)[6]
Prepare a statement that works out the profit or loss from the venture.
(b(i))[5]
Prepare the account for the joint venture with John in Raj's books of account.
(b(ii))[7]
Prepare the joint venture account for Raj in John's books of account.
(c)[2]
State one advantage to both Raj and John of forming a joint venture.
(d)[5]
Advise Raj whether or not he should go into partnership with John. Justify your advice and support it with calculations where appropriate.