Question

what are types of capital in partnership

Answer 1

THERE ARE TWO TYPE OF PARTNER CAPITAL ACCOUNT

1 FIXED

2 FLUCTUATING.

Answer 2

Answer:

Explanation:

The partnership capital account is an equity account in the accounting records of a partnership. It contains the following types of transactions: Initial and subsequent contributions by partners to the partnership, in the form of either cash or the market value of other types of assets.