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    Business
  3. Study Set
    Accounting Study Set 2
  4. Exam
    Exam 8: Partnerships: Formation, Operation and Reporting
  5. Question
    Partner's Drawings Are
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Partner's Drawings Are

Question 1

Question 1

Multiple Choice

Partner's drawings are:


A) amounts credited for working in the partnership.
B) partner's artwork.
C) cash amounts withdrawn or private expenses paid by the partnership on behalf of a partner, in anticipation of profits.
D) money borrowed from the partnership.

Correct Answer:

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