Examlex
Cash is a temporary account and it should be zero after all closing entries have been posted.
Limited Partner
An investor in a partnership who is not directly involved in its daily operations and whose liability is limited to the amount invested.
Capital Contribution
Funds or assets provided by owners or shareholders to increase a company's equity.
Partners' Interests
Refers to the stakes or shares that partners have in a partnership, encompassing financial investment, management decisions, and profit-sharing.
Provincial Legislation
Laws and regulations enacted by the legislative bodies of provinces or states within a country.
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