Across
- 3. Accumulated undistributed profits.
- 7. profit earned from operating activities after deducting expenses.
- 8. a partner below 18 years of age.
- 9. a business owned by 2 or more partners.
- 11. Fixed remuneration to a partner which is an appropriation of profit.
- 12. capital affected by drawings and profits.
- 13. change in partnership agreement.
Down
- 1. ratio in which partners surrender share.
- 2. the document in which agreed terms of a partnership are written.
- 4. expense payable whether profit is earned or not.
- 5. account recording regular adjustments of a partner.
- 6. compensation for capital invested by partners.
- 10. assured minimum share of profit.
- 12. collective name given the persons who have entered into a partnership.