The partner's capital account is credited in the following cases except in posting of the a. share in profit b. additional capital c. original capital d. closing entry of the drawing account at the end of the period

The partner's capital account is credited in the following cases except in posting of the a. share in profit b. additional capital c. original capital d. closing entry of the drawing account at the end of the period

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter14: Partnerships And Limited Liability Entities

Section: Chapter Questions

Problem 1BD

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Question

The partner's capital account is credited in the following cases except in posting of the

a. share in profit

b. additional capital

c. original capital

d. closing entry of the drawing account at the end of the period

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