How to prepare partners capital account
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To prepare partners capital account - - - first
take profit and record on credit side.
Then see drawings or interest on drawings if any then record on debit side.
Another items like intrest on capital, salary, commission, etc all record on credit side after
recording balance it... your account prepareed..
take profit and record on credit side.
Then see drawings or interest on drawings if any then record on debit side.
Another items like intrest on capital, salary, commission, etc all record on credit side after
recording balance it... your account prepareed..
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