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When a partner withdraws cash from the partnership, which account is debited?

Practice Questions

1 question
Q1
When a partner withdraws cash from the partnership, which account is debited?
  1. Partner's Capital Account
  2. Partner's Drawings Account
  3. Cash Account
  4. Income Account

Questions & Step-by-step Solutions

1 item
Q
Q: When a partner withdraws cash from the partnership, which account is debited?
Solution: The Partner's Drawings Account is debited when a partner withdraws cash from the partnership.
Steps: 0

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