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Introduction to Partnership and Partnership Final Accounts — Book Keeping & Accountancy STD 12 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsBook Keeping & AccountancyIntroduction to Partnership and Partnership Final Accounts2 Marks
Question
The partnership agreement must be in written form.
✓

Answer

This statement is Raise.
A partnership agreement can be in oral or written form. It is advisable to have a partnership agreement in written form, to avoid future conflicts and disputes among the partners. However, it is not compulsory.

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