partnership
Across
- 1. The legal status of a partnership without separate legal entity.
- 6. The document that contains the terms and conditions of a partnership.
- 8. Amount set aside out of profit to strengthen the financial position of the firm.
- 11. A partner with limited rights.
- 12. Payment on capital contributions
- 15. Method in which only capital account is maintained.
- 19. The process of ending or terminating a partnership
- 21. Ratio in which partners have agreed to share profits and losses of the firm
- 24. The account used to distribute profits or losses among partners.
- 26. The account used to adjust profit sharing among partners.
- 27. A partnership agreement that is not in writing.
Down
- 1. The name under which the business is carried
- 2. Profit earned by an enterprise from its operating and non operating activities.
- 3. Method in which both capital and current accounts are maintained.
- 4. Profit available for distribution among partners after making appropriations.
- 5. A partner whose liability is limited to the amount of capital they have invested.
- 7. When a partner's capital account has a debit balance.
- 9. The persons who have entered into a partnership with one another are individually called
- 10. Profit sharing ratio when there is no partnership agreement.
- 13. The partner who contributes capital but does not take part in the management of the business.
- 14. The remuneration paid to partners for their services.
- 15. The maximum number of partners allowed in a partnership as per the Indian Partnership Act,1932
- 16. Capital contributed by partners
- 17. The minimum number of partners required to form a partnership.
- 18. The sum borrowed by a partner from the firm.
- 20. The interest on drawings if not mentioned in the partnership deed.
- 21. Adjustments for incorrect appropriations of profits in past.
- 22. The partner’s initial contribution to the firm.
- 23. The interest allowed on partners' capital if not specified in the deed.
- 25. A legal agreement between two or more people to manage and operate a business.