Question: 15 (1 point) When a partner withdraws from the partnership and receives cash in excess of the balance in his capital account, the excess is:
15 (1 point) When a partner withdraws from the partnership and receives cash in excess of the balance in his capital account, the excess is: debited to the capital accounts of the remaining partners, allocated equally to those partners. O debited to the capital accounts of the remaining partners, allocated to those partners in proportion to their profit and loss percentages. O credited to the capital accounts of the remaining partners, allocated to those partners in proportion to their profit and loss percentages. O debited to the capital accounts of the remaining partners, allocated to those partners based on the ratio of their capital account balances
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