JAMB - Accounts Principles Of Accounts (2018 - No. 29)

A partnership deed is used to____________
Promote mutual understanding
Enhance mistrust
Encourage discrepancy
Control funds

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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