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The withdrawals account of each partner is: Multiple Choice Closed to that partner's capital account. Closed to the Income Summary account. A permanent account that

The withdrawals account of each partner is:

Multiple Choice

  • Closed to that partner's capital account.

  • Closed to the Income Summary account.

  • A permanent account that is not closed.

  • Credited with that partner's share of net income.

  • Debited with that partner's share of net loss.

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