Partnership

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Across
  1. 2. Agency - Each partner can act on behalf of the partnership. (12)
  2. 3. - Another term for ownership interest in the partnership. (6)
  3. 4. - Purchasing a partner’s share. (6)
  4. 8. - The proportion in which profits are shared. (5)
  5. 10. - Borrowing funds from a partner. (4)
  6. 11. - Withdrawal of funds by partners. (8)
  7. 14. - Allocation of profit among partners. (12)
  8. 15. Account - Account reflecting partners' transactions. (14)
  9. 16. - Money invested by partners in the business. (7)
  10. 20. Capital - Capital that varies with transactions. (17)
  11. 21. on Capital - Payment to partners for their investment. (16)
  12. 23. - Adjusting asset values in the books. (11)
  13. 25. Partner - A partner who is under the legal age. (12)
  14. 27. Partner - A partner not involved in daily operations. (15)
  15. 28. Partner - Another term for a sleeping partner. (13)
Down
  1. 1. - When a partner leaves the partnership. (10)
  2. 5. Liability - Partners are responsible for all debts. (17)
  3. 6. Partner - A partner who allows their name to be used. (13)
  4. 7. - The ending of a partnership. (11)
  5. 9. - The contract between partners. (9)
  6. 12. - The value of a business's reputation and customer base. (8)
  7. 13. Liability - Shared responsibility among partners. (14)
  8. 16. - The assets brought in by a partner. (12)
  9. 17. Partner - A partner involved in daily business operations. (12)
  10. 18. Capital - Capital that remains unchanged over time. (11)
  11. 19. Act - The legal framework governing partnerships. (14)
  12. 22. - The formal written document of partnership terms. (4)
  13. 24. - When a new partner joins the partnership. (9)
  14. 26. Sharing - Distribution of profits among partners. (14)