capital account
（ plural ）
Quizzes for review
(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.
capital account
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.
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.
English - English
- Users who have edit permission for words - All Users
- Screen new word creation
- Screen word edits
- Screen word deletion
- Screen the creation of new headword that may be duplicates
- Screen changing entry name
- Users authorized to vote on judging - Editor
- Number of votes required for decision - 1
- Users who have edit permission for sentences - All Users
- Screen sentence deletion
- Users authorized to vote on judging - Editor
- Number of votes required for decision - 1
- Users who have edit permission for quizzes - All Users
- Users authorized to vote on judging - Editor
- Number of votes required for decision - 1
