Your JE Blog is a place for high school students taking accounting and business courses to connect, learn, share ideas, and get help with school work and career decisions.
Your JE Blog is a place for high school students taking accounting and business courses to connect, learn, share ideas, and get help with school work and career decisions.
Hi..
ReplyDeleteIn partnership Accounting.. should the income reserves be adjusted through capital account or current account when a new partner enter/ existing partner retires? provided that current account is maintained by the partnership..
Thank you
This is actually a taxation question rather than an accounting question. If you live in Canada, you can call the 'Business and Self-Employed Individuals' CRA hotline at 1-800-959-5525.
DeleteAlso, please post any further accounting questions in the forum itself. Thanks!