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According to the doctrine of the right to offset A partner's loan to the partnership is combined with their capital during liquidation. Appreciation in the
According to the doctrine of the right to offset A partner's loan to the partnership is combined with their capital during liquidation. Appreciation in the values of some assets is offset against the decline in the values of other assets when valuing the partnership. A partner's drawings are offset against the partner's capital at the end of the period. None of these is correct
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