The Partnership deed should be properly drafted and prepared as per the provisions of ______.

Stamp Act

Correct answer: Option (1) → Stamp Act

Concept: Partnership Deed, from Accounting for Partnership: Basic Concepts.

NCERT states that the partnership deed “should be properly drafted and prepared as per the provisions of the Stamp Act and preferably registered with the Registrar of Firms.” The deed must therefore be written on stamped paper as required by the Stamp Act – not the Companies Act, Sale of Goods Act or Negotiable Instruments Act. Hence Option (1).