Across
- 2. Goodwill is an ____________ asset
- 6. On retirement of a partner, unrecorded assets are credited to __________ Account
- 9. Nitish and Rahul were partners in a firm sharing profits or losses in the ratio of 2:1. With effect from 1st October,2020, they agreed to share profits in the ratio of 3:1. Due to change in profit-sharing ratio, Rahul will gain or sacrifice 1/12
- 10. On dissolution, Goodwill Account is transferred to ____________ Account
Down
- 1. Dividend paid by a financial company is shown as cash outflow under __________ activities
- 3. In case of fixed capitals, undistributed profits, General Reserves,etc., are transferred to Partner's __________ Accounts
- 4. The amount due to deceased partner is paid to his
- 5. Receipts and Payments Account is prepared on
- 7. Who is not the Internal User of financial statements
- 8. In the absence of Partnership Deed, profit of a firm is divided among the partners