Accounting JAMB

A partnership deed is used to _______?

A. Promote mutual understanding
B. Enhance mistrust
C. Encourage discrepancy
D. Control funds

Correct Answer:

Option A – Promote mutual understanding

Explanation

Partnership deed can be used to:

i. Indicates terms on which the business corporation us founded

ii. To form a partnership for the purpose of doing business together

iii. Prevent future disputes

iv. Promote mutual understanding

v. Avoid mistrust

Sunday

Share
Published by
Sunday
Tags: Accounting

Recent Posts

List of Universities Offering Veterinary Medicine in Nigeria

Veterinary medicine is the branch of medicine that deals with the prevention, diagnosis, and treatment…

3 months ago

List of Universities Offering Anthropology in Nigeria

Anthropology is the scientific study of human beings and their cultures. It encompasses a wide…

3 months ago

List of Universities Offering Sociology in Nigeria

Sociology is the scientific study of human society, culture, and behavior. It examines the social…

3 months ago

List of Universities Offering Social Work in Nigeria

Social Work is a profession dedicated to helping individuals, families, and communities to cope with…

3 months ago

List of Universities Offering Religious Studies in Nigeria

Religious studies is an academic discipline that explores the beliefs, practices, and history of various…

3 months ago

List of Universities Offering Public Administration in Nigeria

Public administration is the field of study and practice that focuses on the organization and…

3 months ago