A Jointly Controlled Entity

A jointly controlled entity:

A) Should be accounted for using the cost method in the venturer's own books and using the equity method in the group accounts (if they are prepared) .
B) Should be accounted for using the net market method in the books of the venturer and also in the group accounts.
C) Should be accounted for using the cost method in the venturer's own books and using the equity method in the group accounts, if they are prepared. Where group accounts are not prepared, the equity method should be applied in the venturer's own books.
D) Should be accounted for using the net present value method in the group accounts and at cost in the venturer's own books.
E) None of the given answers.