Partnership

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Across
  1. 3. nature of revolution account.
  2. 5. Average of the normal profit of past agreed year)
  3. 6. change in relationship among the partners is _____ of partnership firm.
  4. 8. legal document signed by all partners is ____ deed.
  5. 9. Ratio in which partners of the firm forego profit share in favor of partners of firm.
  6. 10. Excess of actual profit over the normal profit is known as super profit.
Down
  1. 1. land, buildings are examples of ____ assets.
  2. 2. assets which physically exist but not shown in the Balance Sheet
  3. 4. continuously incurring losses increases the value of goodwill.
  4. 7. Goodwill = capitalized value of average profit + _____.