A partnership’s internal regulations are set out by?

By: |Published on: Dec 1|Categories: Accounting JAMB| 0 comments

A. a deed
B. a law
C. a constitution
D. an article

Correct Answer:

Option A – a deed

Explanation

A partnership deed, also known as a partnership agreement, is a document that outlines in detail the rights and responsibilities of all parties to a business operation. It has the force of law and is designed to guide the partners in the conduct of the business.

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