PARTNERSHIP FUNDAMENTALS
Across
- 1. Partnership deed is also called _____ of partnership
- 4. Partners collectively are called___________
- 8. Partnership is borne by an ______.
- 9. For the firm Interest on drawings is_______
- 11. Minimum number of partners in a firm can be______
Down
- 1. Interest on capital is an ______ of profit.
- 2. Interest on drawings under the fixed capital account method is debited to _____ account.
- 3. In the absence of partnership deed, the allowable rate of interest on partner's loan account will be____
- 5. Manager's commission is a _______against profits.
- 6. The relation of the partner with the firm is that of Principal and an _______
- 7. Liability of a partner is ______
- 10. For the firm interest on capital is a _____