Capital Accounts

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  • 1 Types
Definitions
Debit and Credit
Debit and Credit Double-Entry Bookkeeping Financial Accounting Asset Accounts Expense Accounts Liability Accounts Revenue Accounts Capital Accounts
Understanding the fundamental rules of debit and credit in double-entry bookkeeping is essential for accurate financial accounting.
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Definitions
Garner v Murray
Garner v Murray Partnership Dissolution Insolvency Capital Accounts Legal Precedent Profit-Sharing Ratio
A legal precedent established in 1904, critical to determining financial obligations during the dissolution of a partnership, especially when dealing with the insolvency of a partner.
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Definitions
Shares Authorized
Shares Authorized Articles of Incorporation Balance Sheet Capital Accounts Shares Issued Shares Outstanding
Shares authorized refer to the number of shares of stock specified in a company's Articles of Incorporation, which the company is permitted to issue. This figure is displayed in the capital accounts section of a company's balance sheet and typically exceeds the shares issued and outstanding.
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