accountancy project

1234567891011121314
Across
  1. 2. the nature of revaluation account
  2. 4. when the market value of investments is more than the book value,increase in value is to revaluation.
  3. 8. A, B and C are partners in a firm, if D is admitted as a new partner,old partnership is.
  4. 12. Excess of credit side over the debit side in Revalution Account is.
  5. 13. the advertisement suspense is a kind of expenditure
  6. 14. unrecorded assets or liabilities are transferred to.
Down
  1. 1. the goodwill will be recorded in the books only if it is
  2. 3. the accumulated profits/losses are transferred to the capital accounts of old partners in this ratio.
  3. 5. decrease in value of assets in recorded in this side of revaluation account.
  4. 6. in case of admission,the entry for unrecorded investment will be debit---- ac and credit revaluation ac
  5. 7. the amount set aside out of profits to strengthen the financial position of the firm.
  6. 9. Share of goodwill brought by new partner is shared by old partners in this ratio.
  7. 10. the other name for inferred goodwill.
  8. 11. the amount new partner pays for the sacrifice of old partners.