A partnership deed is used to____________

  • A Promote mutual understanding
  • B Enhance mistrust
  • C Encourage discrepancy
  • D Control funds
jamb 2018accounting

The correct answer is A. Promote mutual understanding

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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