ACCOUNTANCY HOLIDAY HOMEOWRK

12345678910111213141516171819202122
Across
  1. 4. positive difference in old ratio
  2. 8. the state of being a partner in business
  3. 10. reduction in the fair value of an asset
  4. 13. an amount of money that you pay regularly to a company for insurance
  5. 14. amount withdrawn by partners
  6. 15. the total amount of capital used for the acquisition of profits by a firm or project
  7. 17. The ratio at which the partners share their profit in the business.
  8. 20. a provision for any change in the market value of investments
  9. 22. portions of a company's profits that are set aside for specific or general purposes
Down
  1. 1. the accounting process of increasing or decreasing the carrying value of a company's fixed asset or group of fixed assets to account for any major changes in their fair market value.
  2. 2. negative difference in old ratio
  3. 3. a legal document that shows every term and conditions upon the partnership
  4. 5. the process or work of keeping financial accounts.
  5. 6. an intangible asset recognized when a firm is purchased as a going concern. It reflects the premium that the buyer pays in addition to the net value of its other assets.
  6. 7. represent value of ownership that can be converted into cas
  7. 9. a payment made to somebody for the work they have done
  8. 11. a non-physical asset such as a patent, brand, trademark, or copyright.
  9. 12. monetary payment given to an individual in exchange for their services.
  10. 16. the cost one is required to spend on obtaining something
  11. 18. a financial document stating assets and liabilities
  12. 19. funds set aside by a business to cover specific anticipated future expenses or other financial impacts.
  13. 21. the default percentage when interest on loan by partner is paid