When a Partner Invests in a Partnership, His/her Capital Account

question 129

Short Answer

When a partner invests in a partnership, his/her capital account is ________ for the invested amount.

---

Definitions:

Excellence

A state of exceptional merit or goodness; a performance ideal.

Crisis of Control

A situation in which the usual mechanisms of governance or oversight fail to maintain stability, often leading to chaos or conflict.

Organization Life

encompasses the various stages through which an organization passes over time, including inception, growth, maturity, and decline, each presenting unique challenges and opportunities.

Rule Violation

Describes an act that goes against the guidelines, laws, or policies set forth by an authority.