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  3. Study Set
    Fundamental Accounting Principles Study Set 1
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    Exam 12: Accounting for Partnerships
  5. Question
    The Withdrawals Account of Each Partner Is Closed to Income
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The Withdrawals Account of Each Partner Is Closed to Income

Question 62

Question 62

True/False

The withdrawals account of each partner is closed to income summary at the end of the accounting period.

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