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interest on capital for partner is closed with income summary as expenses in the end of the year Select one: o True O False if

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interest on capital for partner is closed with income summary as expenses in the end of the year Select one: o True O False if the amount paid to retirement partner less than his interest of capital then it will be bonus or good will to retiring partner Select one: O True O False in partnership agreement the capital of all partner must be equal to all partners Select one: True False

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