Explain the difference between each of the following ledger accounts in the books of a partnership: 1.

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Explain the difference between each of the following ledger accounts in the books of a partnership:
1. Capital account;
3. Current account;
3. Drawings account.

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Introduction To Financial Accounting

ISBN: 978-0077138448

7th edition

Authors: Anne Marie Ward, Andrew Thomas

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Question Posted: Dec 20, 2016 10:28 AM

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Explain the difference between each of the following ledger accounts in the books of a partnership: 1.

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In the financial statements of sole traders there is a capital account and usually a drawings accoun...View the full answer

Introduction To Financial Accounting

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