Question 42
Business UnitsWhich of the following is not contained in a deed of partnership?
- A.Names and addresses of partners
- B.Ratio for sharing profits and losses
- C.Investment of each partner
- D.Rate of taxation
Show the answer and explanation
Answer: D (Rate of taxation)
Explanation
The deed sets out partners' names, capital and profit-sharing; tax rates are set by government, not the deed.