When a partner withdraws her equity for cash, the corresponding capital account will be closed.

Name: When a partner withdraws her equity for cash, the corresponding capital account will be closed.
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When a partner withdraws her equity for cash, it reduces her capital account but does not close it. The capital account represents the partner's ownership stake in the business and continues to exist even after withdrawals.

When a Partner Withdraws Her Equity for Cash, the Corresponding