A partnership deed usually doesn't contain the following details:
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → The date of dissolving the partnership firm
A partnership deed is the written agreement that sets the terms of the partnership: who the partners are, their capital, the profit sharing ratio, interest, salaries, the rules for admission, retirement and dissolution, and so on. It records the date of commencement and how accounts are to be settled on dissolution, but not a date of dissolving the firm, which nobody knows when the deed is drawn up.
Option (1) Name and address of all the partners — Contained in the deed. The deed names every partner and his address.
Option (2) Profit and Loss Sharing Ratio — Contained in the deed. The ratio is one of the main terms of the agreement.
Option (3) Mode of auditor's appointment — Contained in the deed. The deed states how an auditor is appointed, if any.
NCERT (2026-27 edition):
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