Where a Joint Venture Is a Partnership

Where a joint venture is a partnership:

A) It should be accounted for by the venturer using the equity method.
B) It should be accounted for by the venturer using partnership accounting separately to the financial accounts of the venturers and any profit on sale of the output from the joint venture reported in the income statement of the individual venturers.
C) It should be accounted for by the venturer as a partnership and the line items added into the group's financial statements.
D) It should be accounted for using full consolidation accounting.