The method of accounting for a joint operation is commonly known as the line-by-line method.

Name: The method of accounting for a joint operation is commonly known as the line-by-line method.
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Quizplus · Accepted Answer

The line-by-line method is indeed the commonly used method for accounting for joint operations. This method involves recording all the revenue, costs, and expenses related to the joint operation separately for each participant, line by line.

The Method of Accounting for a Joint Operation Is Commonly