An entry is not required in the liquidation of a partnership to record the

Question

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In a partnership liquidation, the allocation of a capital deficiency to partners with credit balances when the deficient partner is expected to pay the deficiency is recorded through a separate entry called "deficiency account entry." This entry is not required in the initial liquidation entry. The rest of the options (A, B, and C) are necessary entries in a partnership liquidation.

An Entry Is Not Required in the Liquidation of a Partnership