Which of the Following Is Not a Feature of the Variable

question 5

Multiple Choice

Which of the following is not a feature of the variable capital balances method (method 1) of accounting for partnership equity?

• A) Each partner has one permanent capital account.
• B) Partner's drawings are closed to their capital accounts.
• C) Interest on capital is credited to the partners retained earnings accounts.
• D) The profit or loss distribution account is closed to the partner's capital accounts.

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Definitions:

Voltage Drop

The measurement of voltage lost through wiring, components, and connections due to electrical resistance.

Hydrometer

An instrument used to measure the density (specific gravity) of liquids.

Specific Gravity

A measure of the density of a substance compared to the density of water, indicating how heavy or light a substance is relative to water.

Battery Drain

The depletion of a battery's charge, often occurring when electrical devices consume power faster than it can be replenished or when the vehicle is not in use.