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    Business
  3. Study Set
    Accounting Principles
  4. Exam
    Exam 12: Accounting for Partnerships
  5. Question
    The Partners' Drawing Accounts Are Closed Each Period into the Income
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The Partners' Drawing Accounts Are Closed Each Period into the Income

Question 197

Question 197

True/False

The partners' drawing accounts are closed each period into the Income Summary account.

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