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If the written deed states profit sharing ratio as one to one but orally partners say three to two which basis is safer for accounts?

Answer and explanation

Correct answer: Ratio in written deed

The written deed is safer evidence. Oral changes should be recorded only after clear consent and amendment.

Related tags

Written DeedOral AgreementProfit RatioPartnership DeedPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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