DISSOLUTION OF PARTNERSHIP

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Across
  1. 1. a/c not transferred to realization a/c
  2. 2. relationship which ceases on dissolution
  3. 4. revenue expense not transferred to realization
  4. 8. a/c cr. when goodwill is taken by partner
  5. 11. liabilities side item paid last
  6. 14. section dealing with settlement of a/c
  7. 17. nature of realization a/c
  8. 18. body intervening when partner becomes lunatic
  9. 19. effect on capital a/c when asset taken over
Down
  1. 1. a/c where balance of capital a/c is transferred
  2. 3. situation when firm dissolves
  3. 5. a/c prepared many times during life of firm
  4. 6. debt debt owed by firm to outsiders
  5. 7. winding up of firm
  6. 9. amount of tangible asset assumed to be realized
  7. 10. asset not transferred to realization a/c
  8. 12. nature of partner's loan a/c
  9. 13. a/c cr. when expense paid and borne by partner
  10. 15. payment for services rendered by partner
  11. 16. liability not shown but paid