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The deed requires signatures of both A and B to open a branch. Only A incurred branch expense. What question arises about the expense?

Answer and explanation

Correct answer: Whether the expense was authorized

If the signature condition is not met validity of the expense may be disputed. If unauthorized recovery from A may be possible.

Related tags

AuthorizationBranch ExpensePartnership DeedPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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