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A partnership's internal regulations are set out by

Accounts - Principles of Accounts
JAMB 2013

A partnership's internal regulations are set out by

  • A. a deed
  • B. a law
  • C. a constitution
  • D. an article
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Correct Answer: Option A
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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