A partnership’s internal regulation are set out by _______?

By: |Published on: Nov 28|Categories: Accounting JAMB| 0 comments

A. A constitution
B. A law
C. A deed
D. An article

Correct Answer:

Option C – A deed

Explanation

A partnership deed is a written agreement among the partners specifying rules and regulations and is signed by all the partners and stamped as per stamp act with an aim to prevent possible disputes and disagreements among the partners at future dates

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