Question
In a partnership, the entry to close net loss ___________ A. Decrease assets B. Increase liabilities C. Increase partners' capital D. Increase the Income Summary
In a partnership, the entry to close net loss ___________
| A. | Decrease assets | |
| B. | Increase liabilities | |
| C. | Increase partners' capital | |
| D. | Increase the Income Summary account |
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475
