Across
- 1. Assets which physically exist but not shown in the balance sheet are
- 4. Total profit of the year is apportioned between the periods of pre-death and post-death on the basis of _________
- 5. When the new partner brings assets other than cash for his capital- _________
- 7. Entry for the asset taken by a creditor is ________ but entry for the net payment to the creditor is made
- 8. Retirement of a partner results in __________ of the firm
- 11. Subscriptions received in advance by a club are shown in the ______ side of the balance sheet
- 12. Goodwill,Patents,Trademarks are examples of _________ assets
- 13. Employees Stock Option plan is a category of ______ equity
- 16. Each partner is a _________ owner of the firms properties
- 18. On dissolution if a partner undertakes to make payment of a liability of the firm _______ account is debited
- 20. When firm pays an amount in excess of total amount due to the retiring partner, then excess amount is treated as _______
Down
- 2. Fill in the following entry for unrecorded assets in case of reconstitution of a partnership firm. : __________ dr To Revaluation A/c
- 3. Total of all partners capital - total capital based on new profit partner’s share is ________
- 6. According to section ____ of the companies act 2013, a company cannot allot securities unless minimum subscription is received
- 9. At the time of admission of new partner creditors overvalued are _________ to revaluation account
- 10. The interest on capital accounts of partners under the fluctuating capital account method is credited to ________
- 14. The first stage for incorporating a company is _______
- 15. __________ profit means the profit earned by other firms with the same capital investment in similar industries
- 17. As per section 37 of indian partnership act 1932 in the absence of partnership deed the retiring partner is entitled to interest @ _______percent
- 19. Income and expenditure account is prepared on _______ basis