Answer:
b. show a separate capital account for each partner.
Step-by-step explanation:
A partnership can be defined as a type of business ownership in which two or more individuals come together to start up a business and share the profits made together.
Balance sheet refers to a document that contains financial information about assets, liability, and equity.
A current asset can be defined as all of the assets that are being owned by a company or business entity and are expected to be converted into their cash equivalent through sales or use within a period of one year of its date on the organization's balance sheet.
In Financial accounting, the balance sheet of a partnership is typically designed to show a separate capital account for each partner. Thus, if there are four or more people in a partnership form of business, each of them would have a separate capital account in the balance sheet of the partnership.