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The partnership deed normally specifies?

The partnership deed normally specifies?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A How profits or losses are to be shared
  • B The capital to be contributed annually
  • C How salaries are paid to employees
  • D The profit that should be earned annually
Correct Answer: Option A
Explanation:
A partnership deed is a document containing an agreement that details the rights and obligations of each partner participating in a venture. For example, a deed of partnership could specify how proceeds from the partnership's business are to be divided among the partners.

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