A set of rules and procedures guiding the operations of a partnership is called partnership?

By: |Published on: Jan 7|Categories: Accounting WAEC| 0 comments

A. code
B. business
C. seal
D. deed

Correct Answer:

Option D – deed

Explanation

Partnership deed is a document drawn up by partners, which contains the rules and regulations guiding the business. It is also a document, which will clarify the respective positions and duties of the partners in a business.

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