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CAPITAL ACCOUNTS
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- 1Capital Accounts- Capital introduced or withdrawn by new or retiring partners.
- There may be interest paid on the amount of capital invested - dealt with through the appropriation and current accounts.
- Do not record drawings or share of profits through capital accounts.
- Balances do not necessarily bear any relation to division of profits.
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- ACCA CAP1 FINANCIAL ACCOUNTING (Session 7: Introduction to Partnerships) Flashcards on CAPITAL ACCOUNTS, created by Jane Pollock on 01/05/2024.
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- Jane Pollock
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