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If the deed gives the method to calculate amount payable to heirs of a deceased partner, what is its purpose?

Answer and explanation

Correct answer: To make settlement clear and fair

On death, capital, profit share, and other dues must be calculated. The deed brings clarity to settlement.

Related tags

Death Of PartnerSettlementHeirsPartnership DeedPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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