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Contents & notes: what this topic covers
Under Joint Venture Accounts, the JAMB Principles of Accounts syllabus expects you to study:
- 14. Joint Venture Accounts a. Objectives and features b. Forms of joint ventures c. Accounting procedures d. Memorandum joint venture accounts
Study notes & guidance
Study Joint Venture Accounts using a recommended Principles of Accounts textbook that follows the JAMB syllabus. Work through the contents listed above one by one, make brief notes in your own words, and then practise as many questions on this topic as you can — in Principles of Accounts, understanding and steady practice matter far more than memorising. Use the objectives below as a checklist: if you can do each one confidently, you have mastered this topic.
Objectives — candidates should be able to
After studying Joint Venture Accounts, you should be able to:
- Identify the objectives and features of joint venture;
- Identify the forms of joint venture;
- Identify the Accounting procedures of joint venture; and
- Determine the profit or loss of joint venture.
These objectives are from the official JAMB syllabus. Use them as a checklist — if you can do each one confidently, you have mastered this topic.
Source: official JAMB UTME Principles of Accounts syllabus (IBASS, jamb.gov.ng). Reproduced for study use. Last checked: 17 Sept 2026. Always confirm the current syllabus on the official portal.