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The rules which govern the internal management of a firm and its financial affairs in...

Accounts - Principles of Accounts
JAMB 2010

The rules which govern the internal management of a firm and its financial affairs in a partnership business is a?

  • A. memorandum
  • B. bye-law
  • C. deed
  • D. financial regulation
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Correct Answer: Option C
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. 

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