If a partner leaves the partnership in the middle of the fiscal year,he must wait until the year end to determine his capital account balance.

Name: If a partner leaves the partnership in the middle of the fiscal year,he must wait until the year end to determine his capital account balance.
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A partner's capital account balance can be determined at the time of their departure from the partnership, based on the partnership agreement and accounting records up to that point.

If a Partner Leaves the Partnership in the Middle of the Fiscal