The financial statements of a partnership are similar to the statements of a sole proprietorship.

Name: The financial statements of a partnership are similar to the statements of a sole proprietorship.
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The financial statements of a partnership are prepared in a similar way as that of a sole proprietorship, with the exception of the inclusion of additional information such as a statement of partnership capital and a statement of changes in partners' equity.

The Financial Statements of a Partnership Are Similar to the Statements