Salaries paid to a partner under a partnership agreement are treated as: a. Salaries expense b. Increase

Question:

Salaries paid to a partner under a partnership agreement are treated as:

a. Salaries expense

b. Increase in owner’s capital account

c. A partner’s withdrawal

d. All of the above.

Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...

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