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What types of reports and accounts should a partnership
company prepare?
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Answer / abby
in partnership account they prepare capital account, current
account and p/l appropriation account for each partner.
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Answer / prashanth
IN PARTNERSHIP COMPANY THEY WILL REPORT
REVALUATION/MEMORANDUM OF REVALUATION ACCOUNT, P/L
APPROPRIATION ACCOUNT, CAPITAL ACCOUNTS OF EACH PARTNERS
AND AT LAST BALANCE SHEET OF EACH PARTNERS.
| Is This Answer Correct ? | 1 Yes | 0 No |
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