Solved

A Personal Debt of $10,000 in the T & H

Question 28

Multiple Choice

A personal debt of $10,000 in the T & H partnership is paid by Partner H.The correct entry to pay this debt would be:


A) ​Debit to Partners T & H capital accounts for $10,000
B) ​Debit to Partner H capital for $10,000
C) ​Debit to partner T capital for $5,000, Debit to partner H capital for $5,000
D) Debit to Partner H drawing for $10,000​
E) ​None of the above

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents