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Which of the following are correct ways of recording partnership equity? Method 1 Method 2 I Partner's Drawings account is closed off to: Patner's capital
Which of the following are correct ways of recording partnership equity? Method 1 Method 2 I Partner's Drawings account is closed off to: Patner's capital account Partner's retained earnings account II Distribution of profit and loss: Patner's capital account Partner's retained earnings account III Parner contribution of assets: Patner's capital account Partner's retained earnings account IV Profit and loss summary account is closed off to: Profit distribution account Profit distribution account
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Equity Asset Valuation
Authors: Jerald E. Pinto, Elaine Henry, Thomas R. Robinson, John D. Stowe, Abby Cohen
2nd Edition
470571439, 470571438, 9781118364123 , 978-0470571439
