In partnership accounting, ownership rights are divided among partners. Each partner will use a capital account, withdrawal account, and be allocated according to the partnership agreement.

Partnership and agreement of the contract.

Explanation:

The partnership accounting is a system of interaction that takes place twp or more individuals and is the population with the personal service enterprise and among the legal accounting professionals.  The investments may on terms of the cash and capital and drawing accounts that are maintained by each partner.  The ownership rights and the dividends can be equally distributed among the partnership and the agreements to the contract through the allocation of the net incomes and the interest.