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WAEC Financial Accounting 2001 Question 41

Question 41

Partnership Accounts

An agreement made by partners to regulate and govern their business activities is known as

  1. A.Partnership Act
  2. B.Partnership Deed
  3. C.Partnership Code
  4. D.Memorandum.
Show the answer and explanation

Answer: B (Partnership Deed)

Explanation

The written partnership agreement is the partnership deed.