partners capital account meaning?

asked Dec 25, 2015 in Partnership-Fundamentals by kavya (28 points) 478 views

1 Answer

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Partner's capital accounts means that account which contain details of transactions between the firm and the partner.  For each partner a separate account is maintained.  I am giving below a link in which you can see the the details of  capitital accounts and methods of maintaining them.

http://www.jbsclasses.com/q2a_link/index.php?qa=1910&qa_1=difference-between-capital-account-fluctuating-capital-account

I think you could have asked this question in comments in that thread itself.
answered Dec 25, 2015 by jbsclasses (3,971 points)
thank you sir
My Pleasure.
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