Which of the following is not contained in a deed of partnership?
Answer Details
The rate of taxation is not contained in a deed of partnership.
A deed of partnership is a legal document that outlines the terms and conditions of a partnership agreement. It includes important information such as the names and addresses of the partners, the nature of the business, the duration of the partnership, the capital contributions of each partner, and the ratio for sharing profits and losses.
The deed of partnership also outlines the rights and responsibilities of each partner, as well as the procedures for decision-making, accounting, and dispute resolution. However, it does not typically include information about the rate of taxation, as this is a matter that is determined by the tax laws and regulations of the country in which the partnership operates.
In summary, a deed of partnership is a crucial document that helps to ensure that all partners are on the same page and that the partnership operates smoothly and effectively. It includes a wide range of important information, but does not typically address tax rates.