The statement of partnership equity shows all of the following except [Solved]

The assertion of partnership fairness reveals all the following besides a. a capital account for every companion. b. a complete partnership capital account. c. realization. d. web revenue (loss).

The proper reply is letter C: realization.
Clarification: Realization is the transformation of belongings into money because of gross sales. Realization sometimes is recorded within the firms accounting ebook for advance funds for items, providers, delayed funds, and a number of deliveries. It doesnt symbolize a part of the fairness of an organization till the money is acquired. Thus, mustnt seem in a partnership fairness assertion.

um positive

To maintain up with the calls for of industrialization

This post is last updated on at Date : 1st of September – 2022

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