Joint liability and Joint operation: Difference between pages

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A situation where parties undertake a liability collectively and each of them is legally liable for the whole amount.
''Financial reporting.''
A joint arrangement whereby the parties that have joint control of the arrangement have rights to the assets, and obligations for the liabilities,  relating to the arrangement.  


== See also ==
* [[IFRS 11]]
* [[Joint arrangement]]
* [[Joint control]]
* [[Joint venture]]


== See also ==
* [[Joint and several liability]]
* [[Liabilities]]
* [[Several]]
* [[Several liability]]

Revision as of 14:19, 23 October 2012

Financial reporting. A joint arrangement whereby the parties that have joint control of the arrangement have rights to the assets, and obligations for the liabilities, relating to the arrangement.

See also