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Class 12 Accountancy Partnership Accounts - Basic Concepts Partnership DeedEasy

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Is a partnership deed always legally compulsory?

Answer and explanation

Correct answer: No but it is very useful

Partnership may be oral but a written deed is better. In exams distinguish compulsory from useful.

Related tags

Legal Requirement Oral Partnership Partnership Deed Partnership Accounts Basic Concepts Accountancy Class 12 Mcq

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