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The deed contains a rule to donate before distributing profits among partners. What type of matter is this?

Answer and explanation

Correct answer: A profit appropriation condition as per deed

If donation is stated as an appropriation of profit in the deed, it is adjusted first. Read the wording carefully.

Related tags

DonationProfit AppropriationDeed ClausePartnership DeedPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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