Question
If a new partner were to purchase 99% of an existing partners share of a business which account would be debited: a. Existing Partner's Drawing
If a new partner were to purchase 99% of an existing partners share of a business which account would be debited:
| a. | Existing Partner's Drawing account | |
| b. | Existing Partner's Capital account | |
| c. | New Partner's Capital account | |
| d. | New Partner's Drawing account |
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Managerial Accounting Method And Meaning Teachers Guide
Authors: R.M.S. Wilson
2nd Edition
0412436205, 978-0412436208
