The drawing ledger accounts of limited liability partners are used: إختر أحد الخيارات: a. To reduce the partners' capital account balances at the end of an accounting period. b. In the same manner as the partners' loan accounts. c. To record the partners' share of net income or loss for an accounting period. d. To record the partners' salaries.
The drawing ledger accounts of limited liability partners are used: إختر أحد الخيارات: a. To reduce the partners' capital account balances at the end of an accounting period. b. In the same manner as the partners' loan accounts. c. To record the partners' share of net income or loss for an accounting period. d. To record the partners' salaries.
Chapter21: Partnerships
Section: Chapter Questions
Problem 6BCRQ
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The drawing ledger accounts of limited liability partners are used:
إختر أحد الخيارات:
a.
To reduce the partners' capital account balances at the end of an accounting period.
b.
In the same manner as the partners' loan accounts.
c.
To record the partners' share of net income or loss for an accounting period.
d.
To record the partners' salaries.
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