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-   -   Regarding Partnerships in a Business (https://www.askmehelpdesk.com/showthread.php?t=402290)

  • Oct 3, 2009, 01:42 PM
    Templesof6
    Regarding Partnerships in a Business
    Referring to Partnerships, how are contributions recorded?
  • Oct 3, 2009, 01:44 PM
    Templesof6

    How are contributions recorded in a partnership business?
  • Oct 6, 2009, 05:15 PM
    morgaine300

    Assuming you mean investments made by a partner, the same way they're recorded for a sole proprietorship. It goes as a credit into their capital account. If it's cash, you're just debiting cash as with any cash receipt. If it's something other than cash, then you have to deal with fair market values or other agreed-upon values.

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