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Consider the following contents relating to the Partnership Deed. (A) It contains the names and addresses of the firm and its main business (B) It
Question

Consider the following contents relating to the Partnership Deed.
(A) It contains the names and addresses of the firm and its main business
(B) It contains the Names and Addresses of the Directors of the firm
(C) It contains the capital to be contributed by each partner.
(D) It contains the profit and loss sharing ratio
(E) It does not contain the rules regarding operation of Bank Account
Choose the correct answer from the options given below:

A.

(A), (C) and (D) only

B.

(A), (B), (C) and (D) only

C.

(A), (B) and (D) only

D.

(A), (C) and (E) only

Correct option is A

A partnership deed typically includes:
(A) Names and addresses of the firm and its main business,
(C) Capital to be contributed by each partner
(D) Profit and loss sharing ratio.
It does not usually include the names and addresses of directors, as partnerships don't have directors, nor does it explicitly discuss rules regarding the operation of bank accounts.

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