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The deed prohibits partners from disclosing trade secrets. What accounting effect can arise from loss caused by breach?

Answer and explanation

Correct answer: Loss may be recovered from the concerned partner

A partner causing loss by breaching the deed may be held responsible. His account may be debited.

Related tags

Trade SecretBreachLoss RecoveryPartnership DeedPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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