partnership

3. A partner with limited rights.
4. The interest on drawings if not mentioned in the partnership deed.
5. Amount set aside out of profit to strengthen the financial position of the firm.
7. Adjustments for incorrect appropriations of profits in past.
8. A partner whose liability is limited to the amount of capital they have invested.
9. The persons who have entered into a partnership with one another are individually called
10. The partner’s initial contribution to the firm.
12. The remuneration paid to partners for their services.
14. Profit earned by an enterprise from its operating and non operating activities.
16. The partner who contributes capital but does not take part in the management of the business.
17. The maximum number of partners allowed in a partnership as per the Indian Partnership Act,1932
18. A partnership agreement that is not in writing.
20. The document that contains the terms and conditions of a partnership.
24. Ratio in which partners have agreed to share profits and losses of the firm
25. The interest allowed on partners' capital if not specified in the deed.
26. The process of ending or terminating a partnership
27. The name under which the business is carried
28. The minimum number of partners required to form a partnership.
29. When a partner's capital account has a debit balance.

1. The account used to adjust profit sharing among partners.
2. Method in which both capital and current accounts are maintained.
6. Method in which only capital account is maintained.
11. The account used to distribute profits or losses among partners.
13. Profit available for distribution among partners after making appropriations.
15. A legal agreement between two or more people to manage and operate a business.
19. Capital contributed by partners
21. The sum borrowed by a partner from the firm.
22. The legal status of a partnership without separate legal entity.
23. Payment on capital contributions
30. Profit sharing ratio when there is no partnership agreement.