ACCOUNTS HOLIDAY HOMEWORK, BY
Across
- 1. Assets which physically exist but are not shown in the balance sheet are ___
- 4. Current accounts of the partners are opened when the capitals are _____
- 5. Average of the profit of the past agreed years is known as ____
- 6. Interest on capital is allowed only if the firm earns ____ during the year
- 10. Goodwil is an _____ asset
- 11. Capital invested in the firm's business is termed as _____
- 13. Workmen compensation reserve is a reserve created out of profit to meet the ___
- 14. Profit and loss account is prepared to find out____
- 15. The excess of actual / average profit over normal profit is known as ___
Down
- 2. In the absence of agreement of profits and losses are shared
- 3. The ratio in which all the partners share future profits and losses is knows as __
- 7. Change in the relationship among the partner is______of the partnership deed
- 8. Revaluation accounts is a __ account
- 9. Investments made in another enterprise for furtherance of own business are ___
- 12. Manager's commission is a _____ against profit