Concept:The rules governing a partnership firm are contained in the partnership deed.
A partnership deed is a legal agreement between the partners.
Explanation:In a partnership business, the partners must agree on how profits, losses, duties, and finances are managed.
This agreement is written down as a formal document called the partnership deed.
It states the rights and responsibilities of each partner in the firm.
It also covers financial matters such as capital contributions, profit-sharing ratios, salaries, drawings, and interest on capital.
The deed acts as the constitution of the partnership and binds all partners to its terms.
Among the options given, a "deed" is the correct document in a partnership context.
Memorandum and bye-laws are used for companies and associations, not for partnerships.
Financial regulation is too general and not the specific name for this partnership rule book.
Therefore, the partnership deed is the correct answer.
Answer:C. deed