When two or more sole proprietors form a partnership, their respectivebalance sheets serve as the basis for the opening entries for theinvestments of such partners.
When two or more sole proprietors form a partnership, their respectivebalance sheets serve as the basis for the opening entries for theinvestments of such partners.
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter19: Accounting For Partnerships
Section: Chapter Questions
Problem 4RQ
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When two or more sole proprietors form a
balance sheets serve as the basis for the opening entries for the
investments of such partners.
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