In the withdrawal of a partner, a payment from the partnership assets will affect only the remaining partners' personal assets.

Name: In the withdrawal of a partner, a payment from the partnership assets will affect only the remaining partners' personal assets.
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Question

Quizplus · Accepted Answer

The payment from the partnership assets for the withdrawal of a partner reduces the overall assets of the partnership, affecting the capital accounts of all partners, not just the personal assets of the remaining partners.

In the Withdrawal of a Partner, a Payment from the Partnership