{"id":1309,"date":"2019-06-17T15:41:09","date_gmt":"2019-06-17T15:41:09","guid":{"rendered":"https:\/\/commerceiets.com\/?p=1309"},"modified":"2019-06-17T15:41:09","modified_gmt":"2019-06-17T15:41:09","slug":"partners-capital-accounts","status":"publish","type":"post","link":"https:\/\/commerceiets.com\/partners-capital-accounts\/","title":{"rendered":"PARTNER\u2019S CAPITAL ACCOUNTS"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_72 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/commerceiets.com\/partners-capital-accounts\/#MEANING\" title=\"MEANING\">MEANING<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/commerceiets.com\/partners-capital-accounts\/#METHODS_TO_MAINTAIN_PARTNERS_CAPITAL_ACCOUNT\" title=\"METHODS TO MAINTAIN PARTNER\u2019S CAPITAL\nACCOUNT\">METHODS TO MAINTAIN PARTNER\u2019S CAPITAL\nACCOUNT<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/commerceiets.com\/partners-capital-accounts\/#FIXED_CAPITAL_ACCOUNT_METHOD\" title=\"FIXED CAPITAL ACCOUNT METHOD\">FIXED CAPITAL ACCOUNT METHOD<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/commerceiets.com\/partners-capital-accounts\/#CAPITAL_ACCOUNT\" title=\"CAPITAL ACCOUNT\">CAPITAL ACCOUNT<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/commerceiets.com\/partners-capital-accounts\/#CURRENT_ACCOUNT\" title=\"CURRENT ACCOUNT\">CURRENT ACCOUNT<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/commerceiets.com\/partners-capital-accounts\/#FLUCTUATING_CAPITAL_ACCOUNT_METHOD\" title=\"FLUCTUATING CAPITAL ACCOUNT METHOD\">FLUCTUATING CAPITAL ACCOUNT METHOD<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/commerceiets.com\/partners-capital-accounts\/#DIFFERENCE_BETWEEN_FIXED_CAPITAL_ACCOUNT_AND_FLUCTUATING_CAPITAL_ACCOUNT\" title=\"DIFFERENCE BETWEEN FIXED CAPITAL ACCOUNT AND FLUCTUATING CAPITAL ACCOUNT\">DIFFERENCE BETWEEN FIXED CAPITAL ACCOUNT AND FLUCTUATING CAPITAL ACCOUNT<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/commerceiets.com\/partners-capital-accounts\/#DIFFERENCE_BETWEEN_CAPITAL_ACCOUNT_AND_CURRENT_ACCOUNT\" title=\"DIFFERENCE BETWEEN CAPITAL ACCOUNT AND CURRENT ACCOUNT\">DIFFERENCE BETWEEN CAPITAL ACCOUNT AND CURRENT ACCOUNT<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/commerceiets.com\/partners-capital-accounts\/#DIFFERENCE_BETWEEN_CURRENT_ACCOUNT_AND_DRAWINGS_ACCOUNT\" title=\"DIFFERENCE BETWEEN CURRENT ACCOUNT AND DRAWINGS ACCOUNT\">DIFFERENCE BETWEEN CURRENT ACCOUNT AND DRAWINGS ACCOUNT<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"MEANING\"><\/span>MEANING<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Capital Account is a personal account for each proprietor. In case of <a href=\"https:\/\/commerceiets.com\/partnership-business\/\">partnership<\/a> firm there is a separate Capital Account for each partner. The capital contributed by each partner will be credited to the respective Partner\u2019s Capital Accounts.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"METHODS_TO_MAINTAIN_PARTNERS_CAPITAL_ACCOUNT\"><\/span><strong>METHODS TO MAINTAIN PARTNER\u2019S CAPITAL\nACCOUNT<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>There are basically two methods to maintain Partner\u2019s Capital Accounts which are as follows:<\/p>\n\n\n\n<figure class=\"wp-block-image is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/06\/Slide2.jpg\" alt=\"\" class=\"wp-image-1310\" width=\"673\" height=\"505\" srcset=\"https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/06\/Slide2.jpg 960w, https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/06\/Slide2-300x225.jpg 300w, https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/06\/Slide2-768x576.jpg 768w\" sizes=\"auto, (max-width: 673px) 100vw, 673px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FIXED_CAPITAL_ACCOUNT_METHOD\"><\/span><strong>FIXED CAPITAL ACCOUNT METHOD<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>This is the first method of preparing Partner&#8217;s Capital Accounts.<\/p>\n\n\n\n<p>Fixed Capital means capital invested by each partner in the firm remains fixed or unaltered, unless a partner introduces additional capital or withdraws out of his or her capital. <\/p>\n\n\n\n<p>Under this method, two accounts are maintained.\nThe first is Capital Account and the second is Current Account.<\/p>\n\n\n\n<p>The detailed description of both the accounts is\nas follows:<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"CAPITAL_ACCOUNT\"><\/span><strong>CAPITAL ACCOUNT<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Capital Account of each partner continues to show the same balance year after year and changes only if Additional Capital is introduced and withdrawal is made out of the capital.<\/p>\n\n\n\n<p>The <strong>Debit Side<\/strong> of this account shows: <\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Withdrawal Of Capital <\/li><li>Closing capital <\/li><\/ul>\n\n\n\n<p>The <strong>Credit Side<\/strong> of this account shows:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Opening Capital<\/li><li>Additional Capital<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"955\" height=\"369\" src=\"https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/06\/partners-capital-account.jpg\" alt=\"\" class=\"wp-image-1312\" srcset=\"https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/06\/partners-capital-account.jpg 955w, https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/06\/partners-capital-account-300x116.jpg 300w, https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/06\/partners-capital-account-768x297.jpg 768w\" sizes=\"auto, (max-width: 955px) 100vw, 955px\" \/><figcaption>FIXED CAPITAL ACCOUNT<\/figcaption><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"CURRENT_ACCOUNT\"><\/span><strong>CURRENT ACCOUNT<\/strong> <span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Current account is maintained to record transactions other than transactions relating to capital such as Drawings against Profit, Interest Allowed on Capital, Interest Charged on Drawings, Salary or Commission Payable to a Partner, Share of Profits\/ Losses. As a result, the balance of Current Account fluctuates with every transaction with the partner. It is a supportive account of Capital Account and prepared as per the provisions of <a href=\"https:\/\/commerceiets.com\/partnership-deed\/\">partnership deed<\/a>.<\/p>\n\n\n\n<p>Current Account of each partner is <strong>debited<\/strong> with:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Drawings by a partner against profit<\/li><li>Interest on Drawings<\/li><li>Share of Loss<\/li><li>Transfer of any amount to capital\naccount permanently. <\/li><\/ul>\n\n\n\n<p>Similarly, Current Account of each partner is <strong>credited <\/strong>with:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Interest on Capital<\/li><li>Share of Reserves<\/li><li>Salary, Fees, Commission, Bonus<\/li><li>Share of Profit<\/li><li>Transfer of any amount from capital\naccount permanently.<\/li><\/ul>\n\n\n\n<p>Normally Partner\u2019s Current Account has a Credit\nBalance but, if a partner has withdrawn more than his or her share of profits,\nthen it will have a Debit Balance.<\/p>\n\n\n\n<p>The balances of Partner\u2019s Capital Account are\nshown on the Liabilities Side of Balance Sheet, as much of amount due to them.<\/p>\n\n\n\n<p>The balances of Partner\u2019s Capital Account are shown on the Assets Side of Balance Sheet, as much of amount due from them. <\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"960\" height=\"389\" src=\"https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/06\/current-account.jpg\" alt=\"\" class=\"wp-image-1313\" srcset=\"https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/06\/current-account.jpg 960w, https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/06\/current-account-300x122.jpg 300w, https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/06\/current-account-768x311.jpg 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><figcaption>CURRENT ACCOUNT<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FLUCTUATING_CAPITAL_ACCOUNT_METHOD\"><\/span><strong>FLUCTUATING CAPITAL ACCOUNT METHOD<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>This is the second method of preparing Partner&#8217;s Capital Accounts.<\/p>\n\n\n\n<p>Under Fluctuating Capital Account Method, only one account namely \u201cCapital Account\u2019 is maintained for each partner.<\/p>\n\n\n\n<p>All transactions of partners such as Interest on\nCapital, Interest on Drawings, Salary, Bonus, Share of Profits or Losses are\nrecorded in this account. As a result, balance in the Capital Account fluctuates\nwith every transaction.<\/p>\n\n\n\n<p>Capital Accounts having Credit Balances are shown\non the Liabilities Side of Balance Sheet while Capital Accounts having Debit\nBalances are shown on the Assets Side of Balance Sheet.<\/p>\n\n\n\n<p>Fluctuating capital method is normally followed\nfor maintaining capital Accounts and therefore, in the absence of any\ninstruction, this method should be followed for maintaining the Partner\u2019s\nCapital Accounts.<\/p>\n\n\n\n<p>This Account records the following items on <strong>Debit Side<\/strong>:&nbsp;&nbsp;  <\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Withdrawal of capital <\/li><li>Closing capital <\/li><li>Drawings by a partner against profit<\/li><li>Interest on Drawings<\/li><li>Share of Loss<\/li><li>Transfer of any amount to capital\naccount permanently. <\/li><\/ul>\n\n\n\n<p>Similarly, this Account records the following items on <strong>Credit Side<\/strong>: <\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Opening Capital<\/li><li>Additional Capital<\/li><li>Interest on Capital<\/li><li>Share of Reserves<\/li><li>Salary, Fees, Commission, Bonus<\/li><li>Share of Profit<\/li><li>Transfer of any amount from capital\naccount permanently.<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"957\" height=\"384\" src=\"https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/06\/fluctuating-capital-account.jpg\" alt=\"\" class=\"wp-image-1314\" srcset=\"https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/06\/fluctuating-capital-account.jpg 957w, https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/06\/fluctuating-capital-account-300x120.jpg 300w, https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/06\/fluctuating-capital-account-768x308.jpg 768w\" sizes=\"auto, (max-width: 957px) 100vw, 957px\" \/><figcaption>FLUCTUATING CAPITAL ACCOUNT<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" style=\"text-align:center\"><span class=\"ez-toc-section\" id=\"DIFFERENCE_BETWEEN_FIXED_CAPITAL_ACCOUNT_AND_FLUCTUATING_CAPITAL_ACCOUNT\"><\/span><strong>DIFFERENCE BETWEEN FIXED CAPITAL ACCOUNT AND FLUCTUATING CAPITAL ACCOUNT<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<table class=\"wp-block-table aligncenter has-subtle-pale-blue-background-color has-background\"><tbody><tr><td>\n  <strong>BASIS\n  OF DIFFERENCE<\/strong>\n  <\/td><td>\n  <strong>FIXED\n  CAPITAL ACCOUNT<\/strong>\n  <\/td><td>\n  <strong>FLUCTUATING\n  CAPITAL ACCOUNT<\/strong>\n  <\/td><\/tr><tr><td>\n  OPENING\n  AND CLOSING BALANCE\n  <\/td><td>\n  Opening\n  and Closing Balance remains the same.\n  <\/td><td>\n  Opening\n  and Closing Balances change due to adjustments in capital accounts.\n  <\/td><\/tr><tr><td>\n  NUMBER\n  OF ACCOUNTS MAINTAINED\n  <\/td><td>\n  Two\n  Accounts are maintained for each partner i.e. Fixed Capital Account and\n  Current Account.\n  <\/td><td>\n  Only\n  one account i.e. Capital Account is maintained for each partner.\n  <\/td><\/tr><tr><td>\n  FREQUENCY\n  OF CHANGE\n  <\/td><td>\n  Balance\n  in Fixed Capital Account does not change except when further capital is\n  introduced or capital is withdrawn.\n  <\/td><td>\n  The\n  balance changes with every transaction of the partner with the firm.\n  <\/td><\/tr><tr><td>\n  RECORDING\n  OF THE TRANSACTIONS\n  <\/td><td>\n  Transactions\n  relating to capitals are recorded in Fixed Capital Accounts and transactions\n  for Drawings, Interest on Drawings, Interest on Capital, Salary, and Commission,\n  Share of Profit or Loss are recorded in Current Account.\n  <\/td><td>\n  All\n  transactions whether for Capital, Drawings, Interest on Drawings, Interest on\n  Capital, Salary, Commission, Share of Profit or Loss are recorded in Capital\n  Account.\n  <\/td><\/tr><tr><td>\n  BALANCE\n  <\/td><td>\n  It\n  always shows Credit Balance in Capital Account.\n  <\/td><td>\n  Fluctuating\n  Capital Account can also show Debit Balance.\n  <\/td><\/tr><\/tbody><\/table>\n\n\n\n<h2 class=\"wp-block-heading\" style=\"text-align:center\"><span class=\"ez-toc-section\" id=\"DIFFERENCE_BETWEEN_CAPITAL_ACCOUNT_AND_CURRENT_ACCOUNT\"><\/span><strong>DIFFERENCE BETWEEN CAPITAL ACCOUNT AND CURRENT ACCOUNT<\/strong> <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<table class=\"wp-block-table has-subtle-pale-blue-background-color has-background\"><tbody><tr><td>\n  <strong>BASIS\n  OF DIFFERENCE<\/strong>\n  <\/td><td>\n  <strong>CAPITAL\n  ACCOUNT<\/strong>\n  <\/td><td>\n  <strong>CURRENT\n  ACCOUNT<\/strong>\n  <\/td><\/tr><tr><td>\n  NEED\n  <\/td><td>\n  Capital\n  account is maintained in all the cases, whether following Fixed Capital\n  Account Method or Fluctuating Account Method.\n  <\/td><td>\n  Current\n  Account is maintained when Fixed Capital Account is followed.\n  <\/td><\/tr><tr><td>\n  BALANCE\n  OF ACCOUNT\n  <\/td><td>\n  Capital\n  Account will always have a Credit Balance when the Fixed Capital Method is\n  followed.\n  In\n  Fluctuating Capital Account Method, it may have either debit or credit\n  balance.\n  <\/td><td>\n  Balance\n  of Current Account may have a Debit or Credit balance.\n  <\/td><\/tr><tr><td>\n  NATURE\n  <\/td><td>\n  In\n  case of Fixed Capital, Capital account balance generally remains unchanged\n  from year to year. It changes when further capital is introduced or capital\n  is withdrawn by the partners.\n  <\/td><td>\n  The\n  balance of Current Account changes every year as the all the adjustments are\n  done in this account.\n  &nbsp;\n  <\/td><\/tr><tr><td>\n  CAPITAL\n  CONTRIBUTION\n  <\/td><td>\n  The\n  capital contributed by partners is shown in this account.\n  <\/td><td>\n  This\n  account does not show the capital contribution.\n  <\/td><\/tr><tr><td>\n  TRANSACTIONS\n  <\/td><td>\n  Capital\n  Account records the transactions such as Opening capital, Additional capital\n  and Withdrawal of capital.\n  <\/td><td>\n  Current\n  account records the transactions such as Drawings, Interest on Capital,\n  Interest on Drawings, Salary, Commission, Profit or Loss, etc.\n  <\/td><\/tr><\/tbody><\/table>\n\n\n\n<h2 class=\"wp-block-heading\" style=\"text-align:center\"><span class=\"ez-toc-section\" id=\"DIFFERENCE_BETWEEN_CURRENT_ACCOUNT_AND_DRAWINGS_ACCOUNT\"><\/span><strong>DIFFERENCE BETWEEN CURRENT ACCOUNT AND DRAWINGS ACCOUNT<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<table class=\"wp-block-table has-subtle-pale-blue-background-color has-background\"><tbody><tr><td>\n  <strong>BASIS\n  OF DIFFERENCE<\/strong>\n  <\/td><td>\n  <strong>CURRENT\n  ACCOUNT<\/strong>\n  <\/td><td>\n  <strong>DRAWINGS\n  ACCOUNT<\/strong>\n  <\/td><\/tr><tr><td>\n  WHEN\n  OPENED\n  <\/td><td>\n  Current\n  Account is opened when the Capital Account is fixed.\n  <\/td><td>\n  Drawings\n  Account can be opened in both the cases when the capital account is fixed or\n  fluctuating.\n  <\/td><\/tr><tr><td>\n  ACCOUNTING\n  TREATMENT\n  <\/td><td>\n  In\n  current account we record Drawings, Salary, Commission, Fees, Bonus, Interest\n  on Capital etc.\n  <\/td><td>\n  In\n  Drawings Account only Drawings are recorded.\n  <\/td><\/tr><tr><td>\n  BALANCE\n  OF ACCOUNT\n  <\/td><td>\n  It\n  may have Debit or Credit balance.\n  <\/td><td>\n  It\n  always has Debit balance.\n  <\/td><\/tr><tr><td>\n  CLOSING\n  OF ACCOUNT\n  <\/td><td>\n  It\n  is balanced at the end of every accounting period and the balance is carried\n  to next year.\n  <\/td><td>\n  It\n  is closed every year by transferring to Partner Capital Account or Current Account.\n  <\/td><\/tr><\/tbody><\/table>\n","protected":false},"excerpt":{"rendered":"<p>MEANING Capital Account is a personal account for each proprietor. In case of partnership firm there is a separate Capital Account for each partner. The capital contributed by each partner will be credited to the respective Partner\u2019s Capital Accounts. METHODS TO MAINTAIN PARTNER\u2019S CAPITAL ACCOUNT There are basically two methods to maintain Partner\u2019s Capital Accounts&#8230;<\/p>\n<p class=\"more-link-wrap\"><a href=\"https:\/\/commerceiets.com\/partners-capital-accounts\/\" class=\"more-link\">Read More<span class=\"screen-reader-text\"> &ldquo;PARTNER\u2019S CAPITAL ACCOUNTS&rdquo;<\/span> &raquo;<\/a><\/p>\n","protected":false},"author":2,"featured_media":1321,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,21],"tags":[30,31,32,33,34,35],"class_list":["post-1309","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-12-accountancy","category-partnership-accounts","tag-difference-between-capital-account-and-current-account","tag-difference-between-current-account-and-drawings-account","tag-difference-between-fixed-capital-account-and-fluctuating-capital-account","tag-fixed-capital-account-method","tag-fluctuating-capital-account-method","tag-methods-to-maintain-partners-capital-account"],"_links":{"self":[{"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/posts\/1309","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/comments?post=1309"}],"version-history":[{"count":0,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/posts\/1309\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/media\/1321"}],"wp:attachment":[{"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/media?parent=1309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/categories?post=1309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/tags?post=1309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}