If a Partner's Capital Account Is Credited with a Certain

question 155

Multiple Choice

If a partner's capital account is credited with a certain amount that he contributed in cash, which of the following statements will be affected?

• A)withdrawal statement
• B)bank reconciliation statement
• C)statement of partners' equity
• D)interest payment schedule

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Definitions:

Tolerance

The allowable deviation in the value of a component or system from its specified value, often expressed as a percentage.

Metal Film

A type of resistor that uses a thin metal film as the resistive element to provide stability and accuracy.

Ceramic Rod

A rod made of ceramic material, often used in applications requiring high temperature resistance or electrical insulation.

Composition Carbon

Likely refers to carbon composition resistors, electronic components made from carbon dust or graphite paste, used for their stable electrical resistance.