In a partnership deed, stating which partner has the authority to sign cheques is a provision related to what?

Correct answer: Operating authority and internal control

Cheque-signing authority concerns who may approve and execute payments and so is part of operating authority and internal control. Specifying it in the deed prevents unauthorised payments, allocates responsibility, and establishes banking controls. Choice C (stock valuation) relates to inventory accounting, not payment authorisation; A and D are not about financial controls. Exam tip: look for words like “signing”, “authority” or “payments” — these point to internal control/operating authority.