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    Templesof6's Avatar
    Templesof6 Posts: 2, Reputation: 1
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    #1

    Oct 3, 2009, 01:42 PM
    Regarding Partnerships in a Business
    Referring to Partnerships, how are contributions recorded?
    Templesof6's Avatar
    Templesof6 Posts: 2, Reputation: 1
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    #2

    Oct 3, 2009, 01:44 PM

    How are contributions recorded in a partnership business?
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #3

    Oct 6, 2009, 05:15 PM

    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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