Partnership accounting:
Answer
Is the same as accounting for a sole proprietorship, except that separate capital and withdrawal accounts are kept for each partner.
Is the same as accounting for a sole proprietorship. |
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Is the same as accounting for an S corporation. |
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Is the same as accounting for a sole proprietorship, except that
separate capital and withdrawal accounts are kept for each partner. |
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Is the same as accounting for a corporation, except that retained earnings is used to keep track of partners' withdrawals. |
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Is the same as accounting for a corporation. |
Answer
Is the same as accounting for a sole proprietorship, except that separate capital and withdrawal accounts are kept for each partner.
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