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Which of the accounts have a normal credit balance

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Reference no: EM132796146

Question 1: Which of the following accounts have a normal credit balance?

a. loan to partner
b. partner's capital
c. partner's drawing
d. due from partner
e. b and d

Question 2: The following partnership accounts represent a liability of a partner to the partnership, except:

a. receivable from partner
b. loan to partner
c. loan from partner
d. due from partner
e. answer not given

Reference no: EM132796146

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