Another
possible
source
of
increase
or
decrease
in
partners’ equity
arises
from
changes
in
partnership
personnel,
as
discussed
on
pages 19-30.
The original
investment
of
assets
by
partners
is
recorded
by
credits
to
the capital accounts;
drawings
by
partners
in
anticipation
of
profits
or
drawings
which
are
considered
salary
are
recorded
by
debits
to
the drawing
accounts.
However,
a large
withdrawal
which
is
viewed
as
a permanent
reduction
in
the ownership equity
of
a partner
should
be
debited
directly
to
the
partner’s
capital
account.