When separate books are maintained for recording ‘Joint venture’ transactions than which of the following accounts is opened in the individual books of each ‘Coventurer’ ?

Correct option is C

The correct option is  (c) Personal Account of each Coventurer.
When separate books are maintained for a joint venture, the joint venture itself has its own full set of accounts, including a Joint Bank Account and a Joint Venture Account. In this scenario, the primary record in the individual books of each co-venturer is their  Personal Account. This personal account tracks the funds each co-venturer contributes to the joint bank account, any personal expenses they incur on behalf of the venture, and their share of the profits or losses, ensuring a clear record of their balance with the joint venture.