Accountancy question

Joint Venture:

In this case , two entities come together and work together. Each Venturer will account his contribution, investment in joint venture and the other venturers contribution in the venture.

Development Agreement

in this case, you have hired another entity to work as a manager, the asset belongs to you, the expenses are incurred in your behalf, everything is in your name. you in respect of such services offer management fees and a share in profit from the development project.