Question

An amount contributed by the partners into the business. Answer in a word / phrase / term.

Answer 1

Hey mate✌️✌️


An amount contributed by the partners into the business⤵️⤵️⤵️⤵️

Capital Account.

Answer 2

• An Amount contributed by the partners into the business is called Partnership capital accounting.

• The partners capital accounts form in the cash or property to a business by the owner, partner or shareholder.

• The partner's contributions increase the owner's capital in the business.

• A partnership keeps track of each partner economic investment in the partnership through a financial record called a capital account.