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What is the Partner's capital account? (One Paragraph Please) What can Partners' contribute to establish...

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Accounting

What is the Partner's capital account? (One Paragraph Please)

What can Partners' contribute to establish a capital account? (Two Paragraph Please)

What is the profit and loss allocations? What document is the ratio found in? (One Paragraph Please)

Provide examples of different income ratios and explain why they differ.

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