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A partnership’s internal regulation are set out by________---

Accounts - Principles of Accounts
JAMB 2018

A partnership’s internal regulation are set out by________---

  • A. A constitution
  • B. A law
  • C. A deed
  • D. An article
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Correct Answer: Option C
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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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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