What is the Partner’s capital account? In a two to three page summary, describe; What is the Partner’s capital account? What can Partners’ contribute to

What is the Partner’s capital account? In a two to three page summary, describe;

What is the Partner’s capital account?

What can Partners’ contribute to establish a capital account?

What is the profit and loss allocations? What document is the ratio found in?

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