In my advanced accounting course we are studying formation,operation, termination and liquidation of partnerships. I have researched this problem...

In my advanced accounting course we are studying formation,operation, termination and liquidation of partnerships. I have researched this problem with no luck. Here is the question:Under what circumstances does a partner's balance in his or her capital account have practical consequences for the partner?

The circumstances under which the partner’s balance in his or her own capital account havepractical consequences for the partner are :1) Recourse liabilities that other partners assume from the...