Partnership Firm

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Across
  1. 5. --- account is prepared to record changes in the value of assets and liabilities
  2. 6. rent to partner is a --- against profit
  3. 8. Accounting Standard 26 states that --- can be recorded in books of accounts only when some consideration has been paid for it
  4. 9. under --- capital accounts, 1 account is prepared
  5. 10. --- account is prepared to dispose off all assets and pay off all liabilities
Down
  1. 1. on death of a partner, amount due to him is transferred to his ---'s account
  2. 2. partner's salary is an --- of profit
  3. 3. a partner is a --- as he can be bound by the acts of other partners
  4. 4. --- of Partnership Act, 1932 are applicable in the absence of Partnership Deed
  5. 7. --- of partnership is also known as Partnership Deed