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Class 12 Accountancy Partnership Accounts - Basic Concepts Partnership DeedHard

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What is the strongest accounting benefit of writing partners rights and duties in the deed?

Answer and explanation

Correct answer: Arbitrary recording of transactions is reduced

Clear rights and duties reduce disputes in accounting treatment. This helps correct adjustments like salary interest and drawings.

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Rights And Duties Accounting Treatment Deed Partnership Deed Partnership Accounts Basic Concepts Accountancy Class 12 Mcq

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