The related accounting between the partners, 4 accounts including
1. Capital account (Capital Accounts) used for recording on the investment of
partners. Such as the initial investment, fund raising and reducing cost
2.Capital account (Current or Drawing Accounts) used to record the items on the right and interests of the partnership, such as the profit loss. Interest on capital, bonuses, etc. 3
.Receivable accounts of such (Advance to Partner Accounts) used to record the partnership the share
4, borrowing money. Loan of partners (Loans From Partner Accounts) used to record the
.The list when the partnership borrowing money from such
how to save capital account of Orangeburg, 2 methods
1. Fixed capital method. (Fixed Capital Method.) this way such individual would account for
.On the capital account is the account 2 capital and capital account
2. How capital change (Alternative Capital Method) this company saves.
items on the capital of his partner. Only by opening capital account one
.The record opening partnership
partners can bring cash, other assets or liabilities of labor transfer to join the
.Invest to establish a partnership, so the record open date to start business. Therefore
know Such assets of any type to invest in each one, and if the contract did not enter
.A number of capital. The law treats all such investment rate
.
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