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Adam, bill and Charlie are partners. the profit and loss sharing rule between them is 2:5:3 with bill getting the largest share and Adam receiving
Adam, bill and Charlie are partners. the profit and loss sharing rule between them is 2:5:3 with bill getting the largest share and Adam receiving the smallest. the partnership incurred a net loss of $21000. while closing the income summary, A.charlie, capital will be debited for $6300 B. Adam, capital will be debited for $6300 C.income summary will be credited for $6300 D. Adam capital will be credited for $6300
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