what is partners capital
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Partnership Capital
Partnership Capital Account is a distinct account that shows the equity in a partnership that is owned by specific partners. This account typically exists as an item that is shown in a business's financial and accounting records rather than as an actual bank account, although this depends on business practices.²¹ᵀʰˣ ᶠᵒˡˡᵒʷ ⁻ ᴵⁿᵇᵒˣ
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A Partnership Capital Account is a distinct account that shows the equity in a partnership that is owned by specific partners. This account typically exists as an item that is shown in a business's financial and accounting records rather than as an actual bank account, although this depends on business practices.
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