Capital account associated with artist (5)
I believe the answer is:
accra
'capital' is the definition.
(Accra is an example)
'account associated with artist' is the wordplay.
'account' becomes 'acc'.
'associated with' says to put letters next to each other.
'artist' becomes 'ra' (Royal Academician, member of Royal Academy of Arts).
'acc'+'ra'='ACCRA'
(Other definitions for accra that I've seen before include "African city" , "Largest city of Ghana" , "Ghanaian city" , "Ghanaian capital" , "Ghana's capital" .)