Across
- 1. distribution of net profit among partners
- 3. maximum number of partners, currently
- 4. agreement method that can cause disputes
- 6. maintained to record transactions other than that of capital
- 8. shows same balance year after year
- 9. adjustments for incorrect appropriation of profits in the past
- 11. admission of minor partner, on agreement
- 14. allowed at 6% if not mentioned in the partnership deed
- 16. (months left after first drawing+months left after last drawing)/two
Down
- 2. not charged from the partners if not mentioned in partnership deed
- 5. registration of firm
- 7. amount of salary/commission, etc. to be paid, if agreed
- 9. relationship between persons sharing profits of a business
- 10. the date on which accounts shall be closed every year
- 12. partnership comes into existence of by this agreement
- 13. expense for the firm paid
- 15. it is not a separate entity from this point of view