ACCOUNTANCY ART INTEGRATION ACTIVITY

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Across
  1. 1. Excess amount that firm gets over and above the market value of assets at time of sale of its business
  2. 6. one of the factors affecting the value of goodwill due to which firm enjoy good reputation
  3. 8. If it is agreed to charge interest on loan by the firm to a partner, amount of interest is transferred to ___ of Profit and Loss Account
  4. 12. One of the components of Partnership Deed
  5. 13. actual profit - normal profit
  6. 15. Charge against profit is ____ to Profit & Loss Appropriation Account
  7. 16. What is the least number of person to form a partnership.
  8. 17. Loan by partner is ___ before repayment of capital to partners at the time of dissolution of the firm.
  9. 18. Business relationship among two or more persons to share profits and losses of the business carried on by all or any of them acting for all.
Down
  1. 2. Partnership Deed is important to avoid
  2. 3. The written agreement among the partners is known as.
  3. 4. method under which goodwill is calculated by deducting capital employed from capitalised value of av.profit
  4. 5. partnership is defined as ,from the legal viewpoint,
  5. 7. act applied in the absence of Partnership Deed
  6. 9. P&L Appropriation Account is prepared to show Appropriation of
  7. 10. goodwill for which a firm pay consideration in cash or kind .
  8. 11. Charge against ___ is an expense for the firm
  9. 14. The name under which the business is carried.