The content of a Partnership Deed includes A Name and address of all partners B Method of settlement...........

Accountancy (CUET) Fundamentals of Partnership

The content of a Partnership Deed includes:

(A) Name and address of all partners

(B) Method of settlement of disputes among partners

(D) Rules regarding operation of Bank account

(E) Verbal agreement between partners is considered as a deed

Choose the correct answer from the options given below:

This questions was previously asked in

CUET ACCOUNTANCY Previous Year Paper (2023)

B, D, and E only

A, C, and E only

A, B, and C only

A, B, and D only

A Partnership Deed is a legal document that outlines the rights, duties, and responsibilities of partners in a firm. It generally includes:

(A) Name and address of all partners – This is a fundamental part of the partnership deed.

(B) Method of settlement of disputes among partners – The deed should include dispute resolution methods.

(C) Deed once made cannot be altered – This is incorrect, as a partnership deed can be altered with the consent of all partners.

(D) Rules regarding the operation of the Bank account – This is an important part of the agreement.

(E) Verbal agreement between partners is considered as a deed – This is incorrect because a deed is a written agreement.

(d) A, B, and D only

By: AARTI

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