The Withdrawals Account of Each Partner Is

question 78

Multiple Choice

The withdrawals account of each partner is:

• A) Closed to that partner's capital account with a credit.
• B) Closed to that partner's capital account with a debit.
• C) A permanent account that is not closed.
• D) Credited with that partner's share of net income.
• E) Debited with that partner's share of net loss.

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