ACCOUNTING FOR PARTNERSHIP FUNDEMENTALS

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Across
  1. 1. The relation of the partner with the firm is that of An agent and A ………………..
  2. 3. maximum Number of partners in a partnership firm may be
  3. 6. if the partnership deed is silent interest on drawings, will be charged @........
  4. 8. if the partners are maintaining the capital account on fixed basis, partner’s capital account will have………. balance
  5. 10. Interest on capital is an ………… out of profits
Down
  1. 2. Interest on partners loan is treated as…………. Against profit
  2. 4. Minimum number of members is needed in partnership
  3. 5. Liability of partners is
  4. 7. in the absence of a partnership deed profit will be shared
  5. 8. Salary to a partner under fixed capital account is credited to………. Account
  6. 9. If there is no agreement interest on loan given @................percentage