Which of the Following Statements About Jointly Controlled Assets Is

Which of the following statements about jointly controlled assets is not correct?

A) A venturer shall recognise in its financial statements, the share of liabilities incurred jointly with other venturers in relation to the joint venture.
B) A venturer shall recognise in its financial statements, any expenses it has incurred jointly in respect of its interest in the joint venture.
C) A venturer shall recognise in its financial statements, any liabilities it has incurred.
D) A venturer shall recognise in its financial statements, the share of jointly controlled classified according to the nature of the assets.
E) The 'normal' consolidation procedures (i.e., adjustments and eliminations) are applied where the venturer prepares consolidated financial statements.