Current and capital accounts represent two halves of a nation's balance of payments: net income and net change of assets and liabilities respectively.

In determining the “contributed tax capital” balance, the starting point for a company is the sum of its share capital and share premium account on January 1 2011.

The initial balance of each capital account equals the market value of the property contributed to the LLC. If member A contributes $50,000 in cash, and member B contributes $50,000 in machinery ...

The expanded accounting equation is the same as the common accounting equation but decomposes equity into component parts. The components of equity include contributed capital, retained earnings ...

The balance in your capital account at the end of the third year is $159,000 -- $110,000 in contributions, plus $55,000 in allocations, minus $6,000 in distributions. Liquidation ...

In their Real Estate Financing column, Ezra Dyckman and Charles Nelson discuss the new 2020 partnership tax basis capital account reporting requirements which "give the IRS much more visibility ...