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Which of the following is NOT a feature of method 1 of accounting for partnership equity? a.The profit or loss distribution account is closed to

Which of the following is NOT a feature of method 1 of accounting for partnership equity?

a.The profit or loss distribution account is closed to the partners capital accounts.

b. Partners drawings are closed to their capital accounts.

c.Partners initial assets investment are debited to capital accounts.

d. Interest on capital is credited to the partners retained earnings accounts.

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