Quizzes for review
When preparing the balance sheet for the partnership, each partner's capital account reflects their share of the firm's net worth after liabilities are subtracted.
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When preparing the balance sheet for the partnership, each partner's capital account reflects their share of the firm's net worth after liabilities are subtracted.
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Related words
capital account
Noun
(accounting)
An
account
in
the
net
worth
section
of
the
balance
sheet
of
an
entity
such
as
sole
proprietorships
and
partnerships.
In
this
context,
the
"capital
account"
(or,
in
cases
of
more
than
one
owner,
the
"sum
of
all
individual
capital
accounts")
is
the
residual
difference
between
total
assets
minus
total
liabilities,
or
the
"net
worth"
of
the
entity.
The
term
should
not
be
confused
with
similar
terms
such
as
"working
capital,"
"capital
asset,"
"capital
expenditure,"
and
"capital
lease."
Japanese Meaning
資本勘定：個人事業主やパートナーシップなどの企業の貸借対照表における純資産の部に記載される勘定。これは、総資産から総負債を差し引いた残差（純資産、又はネットワース）を示す。
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