Current Account in Partnership (General Ledger) | Full Example
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Current Account in Partnership (General Ledger) | Full Example
In this accounting lesson, we explain what the current account for a partnership is, and why we complete it. We also go through an example of how to do the current account for partners in the general ledger (T Account) of the partnership and how to close off/balance off the account. We calculate interest on capital, interest on current account ...
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