ADVANCED ACCOUNTING
ADVANCED ACCOUNTING
12th Edition
ISBN: 9780357671221
Author: FISCHER
Publisher: CENGAGE L
Question
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Chapter 13, Problem 4UTI
To determine

Concept Introduction:

Partners capital account is an accounting records in a partnership firm. It is an equity account. Partners capital account includes initial and subsequent invetment by partners.

To explain: The events or activities would normally result in a partner’s capital account being debited.

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