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easyMCQCUET Accountancy2026Accountancy
1 mark

Which of the following is not included in the Contents of the Partnership Deed?

  1. A
    Names and Addresses of all partners
  2. B
    Profit and loss sharing ratio
  3. C
    Rate of interest on capital, loan, drawings, etc.
  4. D
    The rights, duties and liabilities of each partner's spouse

Solution & Step-by-step Explanation

A partnership deed defines the operational agreement, rights, responsibilities, and financial terms strictly between the contracting business partners. It does not govern, contain clauses on, or declare legal rights/liabilities regarding a partner's spouse.

Practice this question

Try it yourself before checking the explanation above.

Which of the following is not included in the Contents of the Partnership Deed?
A
Names and Addresses of all partners
B
Profit and loss sharing ratio
C
Rate of interest on capital, loan, drawings, etc.
D
The rights, duties and liabilities of each partner's spouse

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PartnershipAccountingPartnership Deed Contents

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