Question on: SS2 Accounting - Partnership Account: Terminologies Used

What is capital in a partnership account?

View related lesson
A

The amount of money or assets that each partner has invested in the partnership

B

The profits earned by the partnership

 

C

The expenses incurred by the partnership

D

The amount of money owed by the partnership to creditors

Ask EduPadi AI for a detailed answer
Correct Option: A

Add your answer

Notice: Please post responsibly.

Please share this, thanks!

No responses