Accountancy, asked by sankhlavishnu76, 8 months ago

what is partners capital

Answers

Answered by TheRiskyGuy
8

Answer:

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

Answered by ysabura
10

Answer:

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.

Explanation:

* MARK ME AS BRAINLIEST*

Similar questions