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

Question 108

Question 108

True/False

The withdrawals account of each partner is closed to retained earnings at the end of the accounting period.

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