I would like to prepare a statement of changes in partners capital for two partners however I don't know the format help please!
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I would like to prepare a statement of changes in partners capital for two partners however I don't know the format help please!
You will have two columns, one for each partner. Start with the beginning balance, and then list the transactions to come up with the ending balances. The transactions would include additional capital added, share of net income, and withdrawals .
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