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Partnership accounting — AccountingTools
https://www.accountingtools.com/articles/forming-a-partnership.html
WEBDec 21, 2023 · The accounting for a partnership is essentially the same as is used for a sole proprietorship, except that there are more owners. In essence, a separate account tracks each partner's investment, distributions, and share of gains and losses. Overview …
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Partnership: Definition, How It Works, Taxation, and Types
https://www.investopedia.com/terms/p/partnership.asp
What Is A Partnership?Types of PartnershipsTaxes and PartnershipsAdvantages and Disadvantages of PartnershipsPartnerships by CountryThe Bottom LineA partnership is a formal arrangement by two or more parties to manage and operate a business and share its profits. There are several types of partnership arrangements. In particular, in a partnership business, all partners share liabilities and profits equally, while in others, partners may have limited liability. There also …See more on investopedia.comExplore further
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