Withdrawals from the Partnership Accounts Are Typically Not Used

question 69

Multiple Choice

Withdrawals from the partnership accounts are typically not used

• A)to record compensation for work performed in the business.
• B)to reduce the partners' capital account balances at the end of an accounting period.
• C)to record interest earned on a partner's capital balance.
• D)to reduce the basic investment that has been made in the business.to record a reward for ownership in the partnership.