Multiple Choice
The last entry to liquidate a partnership would probably include:
A) debit to Capital (for each partner) ; credit to Cash.
B) debit to Cash; debit or credit to Loss or Gain from Realization; credit to individual assets sold.
C) debit to individual assets sold; credit to Cash.
D) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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