In closing the accounts at the end of a period, the partners' capital accounts are credited for their share of the partnership net income or debited for their share of the partnership loss.

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This is correct. At the end of a period, the partners' capital accounts are adjusted for their share of the partnership net income or loss. If the partnership has net income, the partners' capital accounts are credited, and if it has a net loss, the partners' capital accounts are debited.

In Closing the Accounts at the End of a Period