ACCOUNTANCY

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Across
  1. 3. Amount invested by partners in the firm.
  2. 5. Act of closing down a partnership firm.
  3. 6. Document signed by partners outlining roles and rules.
  4. 7. Account showing changes in value of assets and liabilities.
  5. 8. Selling firm’s property to convert into cash.
Down
  1. 1. Value of the firm’s reputation.
  2. 2. A person who contributes capital and shares profit.
  3. 4. Unexpected expense shared among partners.
  4. 6. Money taken out by partners for personal use.
  5. 9. Minimum number of partners needed to form a partnership firm.