Withdrawals of Assets from a Partnership That Are Intended to Permanently

question 93

Short Answer

Withdrawals of assets from a partnership that are intended to permanently reduce the invested capital are recorded as debits to the partners'--------- accounts.

---

Definitions:

Animal Movement

The various motions accomplished by animals as a result of muscle contraction.

Swim

The act of moving through water by the use of limbs, tail, or other bodily mechanisms, a common form of locomotion among aquatic organisms.

Sprain

An injury to ligaments caused by being stretched beyond their normal capacity and possibly torn.

Osteoporosis

A condition characterized by weakened bones that are more prone to fracture due to a decrease in bone density and quality.