Accountancy Part AAccounting for Partnership

A partnership deed should be drafted and prepared as per..........

Answer & explanation

Correct answer: option 4

The correct answer is Option (4) → Provisions of the Stamp Act

A partnership deed is a written agreement, so it must be drafted and stamped as the Stamp Act requires; registration with the Registrar of Firms is only preferred.

NCERT (2026-27 edition):
Partnership Deed – “… The deed should be properly drafted and prepared as per the provisions of the ‘Stamp Act’ and preferably registered with the Registrar of Firms.”