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Partners H & I share profit and loss in an agreed ratio of 90/10. In the case of a net loss of $10,000, Partner Is
Partners H & I share profit and loss in an agreed ratio of 90/10. In the case of a net loss of $10,000, Partner Is capital account would be:
a. | debited for $1,000 | |
b. | would not be affected since it was a loss. | |
c. | credited for $1,000 | |
d. | debited for $9,000 |
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