what do you mean accounting of partners ship
Answers
Answered by
1
A partnership is defined as the relationship that exist between person carrying on business . these person agree to combine some or all their property labour and skill. This relationship is based on conctract
Answered by
1
Explanation:
Partnership Accounting. Except for the number of partners' equity accounts, accounting for a partnership is the same as accounting for a sole proprietor. Each partner has a separate capital account for investments and his/her share of net income or loss, and a separate withdrawal account.
Similar questions