Which statement is FALSE when describing the withdrawal of a partner? O It can be paid for from partners' personal assets. O It can be paid for from partnership assets. O Paying with partnership assets affects only the remaining partners' capital accounts. O Paying with partners personal assets affects only the remaining partners' capital accounts.
Which statement is FALSE when describing the withdrawal of a partner? O It can be paid for from partners' personal assets. O It can be paid for from partnership assets. O Paying with partnership assets affects only the remaining partners' capital accounts. O Paying with partners personal assets affects only the remaining partners' capital accounts.
Which statement is FALSE when describing the withdrawal of a partner? O It can be paid for from partners' personal assets. O It can be paid for from partnership assets. O Paying with partnership assets affects only the remaining partners' capital accounts. O Paying with partners personal assets affects only the remaining partners' capital accounts.
Transcribed Image Text:Which statement is FALSE when describing the withdrawal of a partner?
O It can be paid for from partners' personal assets.
O It can be paid for from partnership assets.
O Paying with partnership assets affects only the remaining partners' capital accounts.
O Paying with partners personal assets affects only the remaining partners' capital accounts.
Definition Definition Structural system an enterprise uses to collect, store, report, retrieve, and process financial data. Accounting information systems are used by business analysts, auditors, accountants, and consultants for accurate and efficient access to financial data.
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