Across
- 4. capital account of partners when there is fixed capitals
- 5. under this system the original capitals invested by the partners remain same
- 6. assets - external liabilities
- 7. average profit * number of years purchased
- 8. old ratio - new ratio
- 10. agreement of partners in writing
Down
- 1. when a partner is guaranteed an amount but not met with
- 2. when the balances of capital accounts go on changing from time to time
- 3. average profit - normal profit
- 9. expenses/incomes that come under profit and loss account