Which of these is NOT true about transactions between a venturer and the joint venture?

Question

Quizplus · Accepted Answer

Assets transferred from the joint venture to the venturer only recognize the gain or loss attributable to the interests of other investors, not all gains and losses. This is in accordance with the equity method of accounting. The other options are true statements regarding transactions between a venturer and a joint venture, which are dealt with by IAS 28 and use the equity method of accounting.

Which of These Is NOT True About Transactions Between a Venturer