Across
- 1. Excess amount that firm gets over and above the market value of assets at time of sale of its business
- 6. one of the factors affecting the value of goodwill due to which firm enjoy good reputation
- 8. If it is agreed to charge interest on loan by the firm to a partner, amount of interest is transferred to ___ of Profit and Loss Account
- 12. One of the components of Partnership Deed
- 13. actual profit - normal profit
- 15. Charge against profit is ____ to Profit & Loss Appropriation Account
- 16. What is the least number of person to form a partnership.
- 17. Loan by partner is ___ before repayment of capital to partners at the time of dissolution of the firm.
- 18. Business relationship among two or more persons to share profits and losses of the business carried on by all or any of them acting for all.
Down
- 2. Partnership Deed is important to avoid
- 3. The written agreement among the partners is known as.
- 4. method under which goodwill is calculated by deducting capital employed from capitalised value of av.profit
- 5. partnership is defined as ,from the legal viewpoint,
- 7. act applied in the absence of Partnership Deed
- 9. P&L Appropriation Account is prepared to show Appropriation of
- 10. goodwill for which a firm pay consideration in cash or kind .
- 11. Charge against ___ is an expense for the firm
- 14. The name under which the business is carried.