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WAEC Commerce 2008 Question 15

Question 15

Business Units

Which of the following statements cannot be found in a partnership deed?

  1. A.Names of partners
  2. B.Nature of business
  3. C.Payment of tax
  4. D.Interest on capital.
Show the answer and explanation

Answer: C (Payment of tax)

Explanation

Tax is fixed by law, not by the partnership deed.