Thursday 8 August 2013

Partners' withdrawals of assets are: Credited to their withdrawals accounts. Credited to their retained earnings. Debited to their asset accounts. Debited to their retained earnings. Debited to their withdrawals accounts.

Partners' withdrawals of assets are:
Credited to their withdrawals accounts.
Credited to their retained earnings.
Debited to their asset accounts.
Debited to their retained earnings.
Debited to their withdrawals accounts.
Answer
Debited to their withdrawals accounts.
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