Partnership comes into existence as a result of an agreement among the partners, that agreement is called .........

Partnership Deed

The correct answer is Option (3) → Partnership Deed

A partnership is formed through an agreement among two or more persons to share profits and losses of a business carried on by all or any of them acting for all.
This agreement — whether written or oral — is known as a Partnership Deed.

It contains the terms and conditions of the partnership, such as:

• Capital contribution of partners

• Profit and loss sharing ratio

• Interest on capital or drawings

• Rights, duties, and obligations of partners