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A partnership deed is used to____________

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Accounts - Principles of Accounts JAMB 2018

A partnership deed is used to____________

  • Promote mutual understanding checkmark
  • Enhance mistrust
  • Encourage discrepancy
  • Control funds

The correct answer is: A

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

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