英语翻译Inacompany,theownersareshareholders,whoseinitialstakeisshownassharecapitalandsubsequentprofitsearnedshowedasabalanceontheprofitandlossaccount,asinALimited’sbalancesheetfollowing.Inapartnership,thepartners
英语翻译
Inacompany,the
ownersareshareholders,whoseinitialstakeisshownassharecapitaland
subsequentprofitsearnedshowedasabalanceontheprofitandlossaccount,
asinALimited’sbalancesheetfollowing.
Inapartnership,the
partners’individualstakesinthebusinessarerepresentedbycapitalaccounts
(usedfortheirlong-terminvestment)and,sometimes,currentaccounts(used
torecordprofitshares,drawings,salaries,interestoncapitalaccountsetc).So
thebottomhalfofthebalancesheetabove,ifitwereapartnership,mightlook
asfollow: