ACCOUNTANCY (Partnership-Fundamentals)

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Across
  1. 4. Share in which profits are divided
  2. 7. Amount withdrawn by partners for personal use
  3. 10. The agreement that governs partnership terms
  4. 11. Money invested by a partner in the business
  5. 12. Excess of income over expense
Down
  1. 1. A person who joins with others to run a business
  2. 2. Opposite of profit
  3. 3. Earning capacity of a firm due to reputation
  4. 5. Payment allowed on capital invested
  5. 6. Obligation of the firm towards outsiders
  6. 8. Reward given to employees for managing business
  7. 9. Another name for partnership business