1.If the partner's personal expenses are paid by the partnership, the payment is charged to the

Group of answer choices

Partner's drawing account

Partner's expense account

Partnership's expense account

Partnership's nominal account

2.Industrial partner would share in the partnership's losses if he is

Option 1: Included in the profit and loss agreement

Option 2: If he is included in the profit agreement

Group of answer choices

Both options are correct

Only option 1 is correct

Both options are incorrect

Only option 2 is correct

3.This schedule shows the modification of the capital interest of each partner during an accounting period

Group of answer choices

Statement of Comprehensive Income

Statement of Financial Position

Statement of Changes in Partner's Equity

Statement of Cash flows