The general ledger of a partnership will
A) not contain a separate drawing account for each partner.
B) contain one capital account that reflects the total equity of all partners.
C) not contain a capital account or accounts.
D) contain a separate capital account for each partner.

Question

Quizplus · Accepted Answer

The general ledger of a partnership will contain a separate capital account for each partner to track each partner's equity in the business.

The General Ledger of a Partnership Will