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What is the best exam use of the partnership deed when a question gives several partners' rights?

Answer and explanation

Correct answer: Match every adjustment with the deed condition

In partnership accounts, the deed is the main source of rules. Every salary, interest and ratio should be matched with its condition.

Related tags

Exam TipPartnership DeedAdjustmentsPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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