The content of Partnership deed includes:

A. Name and address of all partners
B. Method of settlement of disputes among partners
C. Deed once made cannot be altered
D. Rules regarding operation of Bank account
E. Verbal agreement between partners is considered as deed

Choose the correct answer from the options given below:

A, B and D only

The correct answer is Option (4) - A, B and D only.

The Partnership Deed is a comprehensive document that outlines important details pertaining to the partnership. It typically includes the following information:

Firm name, address, and main business details.
Names and addresses of all partners involved.
Capital contribution of each partner.
Duration of the partnership and the accounting period.
Commencement date of the partnership.
Guidelines for operating bank accounts.
Profit and loss sharing ratio among partners.
Interest rates on capital, loans, and partner drawings.
Appointment procedures for auditors, if applicable.
Salaries, commissions, or other payments to partners.
Rights, responsibilities, and liabilities of each partner.
Handling of losses resulting from the insolvency of a partner.
Settlement of accounts in the event of partnership dissolution.
Dispute resolution methods among partners.
Procedures for admission, retirement, or death of a partner.
Any other pertinent matters related to the partnership's operations.

While the partnership deed typically covers all aspects of the partners' relationship, in cases where certain matters are not explicitly addressed, the provisions of the Indian Partnership Act, 1932 shall apply.

C. Deed once made cannot be altered-  The clauses of partnership deed can be altered with the consent of all the partners. The deed should be properly drafted and prepared as per the provisions of the ‘Stamp Act’ and preferably registered with the Registrar of Firms.

E. Verbal agreement between partners is considered as deed- Verbal agreement is agreement not a deed. Written agreement is called partnership deed.