What types of reports and accounts should a partnership company prepare?

What types of reports and accounts should a partnership
company prepare?

Question Posted / soumya

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What types of reports and accounts should a partnership company prepare?..

Answer / abby

in partnership account they prepare capital account, current
account and p/l appropriation account for each partner.

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What types of reports and accounts should a partnership company prepare?..

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.

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