In the liquidating process, any uncollected cash becomes a loss to the partnership and is divided among the remaining partners' capital balances based on their income-sharing ratio.

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This statement is true. When a partnership is liquidated, any uncollected cash is considered a loss to the partnership and is divided among the remaining partners based on their income-sharing ratio. This is because the partners share both the profits and losses of the partnership according to their agreed-upon ratio.

In the Liquidating Process, Any Uncollected Cash Becomes a Loss