JAMB Accounting 2010 Objective — Question 41
Question 41 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2010 Objective paper, with the correct answer and a full explanation.
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41. The rules which govern the internal management of a firm and its financial affairs in a partnership business is a A. memorandum B. bye-law C. deed D. financial regulation
- A. memorandum
- B. bye-law
- C. deedCorrect
- D. financial regulation
Explanation
The deed of partnership is a document which contains the agreement of the partners as to the way in which the business should be run.
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