Which of the following is generally not included in a partnership deed?

Correct answer: A partner’s personal household expenses

A partnership deed normally contains matters that regulate the business relationship between the firm and its partners. The profit-sharing ratio, each partner’s capital contribution, and rules regarding drawings are all relevant terms and may be expressly recorded in the deed. A partner’s personal household expenses, however, are private matters and do not ordinarily form part of the firm’s governing agreement. Thus, option A is correct. If the firm pays such a personal expense on behalf of a partner, the payment may be treated as that partner’s drawings, but the private expense itself is not normally a standard provision of the deed. The other three choices directly concern partnership accounting and administration.