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easyMCQCUET Accountancy 2025 29 May Shift 22026Accountancy
1 mark

Which is not usually included / mentioned in the contents of the Partnership Deed :-

  1. A
    All partners' residential addresses and their names.
  2. B
    Partnership commencement Date
  3. C
    Ratio in which Profit / Loss will be shared among the partners.
  4. D
    Date on which the Partnership firm will be dissolved.

Solution & Step-by-step Explanation

A standard partnership firm is generally intended to operate as a going concern for an indefinite period (unless it is a specific venture-based partnership or for a fixed duration). Hence, the precise exact date on which the firm will be dissolved is not predefined or usually listed in a normal Partnership Deed.

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Which is not usually included / mentioned in the contents of the Partnership Deed :-
A
All partners' residential addresses and their names.
B
Partnership commencement Date
C
Ratio in which Profit / Loss will be shared among the partners.
D
Date on which the Partnership firm will be dissolved.

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