Question

WHAT IS THE FINANCIAL RECORD OF PATNERSHIP ORGANISATION

Answer 1

$\huge{ \bold{ \underline {\underline {\overline {\overline \red{ \: AnSwer \: }}}}}}$

• Partnerships must provide information on how net income was distributed among partners. This information can be combined with the balance sheet or the income statement. If desired, it can also be reported separately. ... The ending capital balance represents the owners' equity at the end of an accounting period