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Across
  1. 2. ratio in which one or more partners of the firm forego in favour of other partner
  2. 5. It is the relation between persons who have agreed to share the profits of a business carried on by All or any of them acting for all
  3. 6. ____ profit is an expense for the firm which is paid whether it earbs profit or incurs loss
  4. 9. Account in which every transaction of the partner with the firm is recorded
  5. 11. investments that are made in another enterprise for the furtherance of own business
  6. 13. goodwill for which the firm has paid consideration in cash or kind
  7. 14. compensation to the sacrificing partners by the gaining partner for the sacrifices they make in favour of the new partner
Down
  1. 1. ratio in which the profits and losses of the firm are shared by the partners
  2. 3. Number of years for which the firm is likely to earn similar profit due to the efforts put in the past
  3. 4. Account to adjust the change in the value of assets and liabilities
  4. 7. profit earned by a similar type of business as a percentage of capital employed
  5. 8. partner of a firm who share only profits of the firm and not losses
  6. 10. and intangible asset which places an enterprise at an advantage and helps it in earning higher profits than normal
  7. 12. The excess of actual/average profit over normal profit