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of <h1>Categorize Partner's Fixed Capital Under 'Investments' in Balance-Sheet; Record Transactions Consistently for Clarity.</h1> In the context of balance-sheet disclosures, when a partner's capital account is fixed, it should be categorized under 'Investments.' If the capital is unfixed or unspecified, transactions between the partner and the firm should also be recorded under 'Investments' rather than 'Current Assets, Loans and Advances.' The total capital of a partnership firm should be shown as of the balance-sheet date, or as per the last authenticated balance-sheet if capital fluctuates. The preferred interpretation of 'share of each partner' is their share in the firm's profits, not capital, to better inform shareholders of the company's involvement.
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