alleryPartnership Deed essentially contains
AOnly profit-sharing ratio (typical) (typical) (typical)
BA list of customers (typical) (typical) (typical) (typical)
COnly government registration data (typical) (typical)
DRules and regulations of the firm and rights/duties of partners
Answer & Solution
Correct answer: D. Rules and regulations of the firm and rights/duties of partners
1. Partnership Deed is the written agreement governing the firm.
2. It records names, capital contributions, profit ratio, rights, duties, salary/interest, dissolution rules and dispute resolution.
3. It is broader than mere profit ratio or registration data.
4. Hence (B) is correct.
_Source: Maharashtra Balbharati Std XII Book-Keeping & Accountancy, Ch 1 "Introduction to Partnership and Partnership Final Accounts", §1.2 ¶§1.2_
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