Question

what is partners capital account

Answer 1

☃️ In financial accounting, the capital account is one of the accounts in shareholders' equity.

• Sole proprietorships have a single capital account in the owner's equity.
• Partnerships maintain a capital account for each of the partners.

Answer 2

Answer:

In financial accounting, the capital account is one of the accounts in shareholders' equity. Sole proprietorships have a single capital account in the owner's equity. Partnerships maintain a capital account for each of the partners.

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