Partnership

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Across
  1. 3. Intangible asset used by firm to earn higher profits without putting extra efforts
  2. 4. Excess of average profit over normal profit.
  3. 7. Capital invested in firm's business.
  4. 8. Method used for calculation of IOD when drawings are regular.
  5. 9. profit determined by Profit and Loss Appropriation A/c.
  6. 10. Patent, Trademarks are example of ___ assets.
Down
  1. 1. Purchased Goodwill is _____ in the books of account.
  2. 2. Goodwill is valued at the time of dissolution of firm(true/false)
  3. 5. salary given to partners for looking after business of the firm.
  4. 6. Goodwill helps in earning ___ than normal profits.