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Class 12 Accountancy Partnership Accounts - Basic Concepts Partnership DeedEasy

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What main problem may occur if rights and duties among partners are not clear in the partnership deed?

Answer and explanation

Correct answer: Disputes may increase

If rights and duties are unclear misunderstandings may increase. In exams treat the deed as a document that prevents disputes.

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Rights Duties Dispute Partnership Deed Partnership Deed Partnership Accounts Basic Concepts Accountancy Class 12 Mcq

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