Question: Match the items below by entering the appropriate code letter in the space provided A. Unlimited liability B. Partner admission by investment C. Partners' capital

 Match the items below by entering the appropriate code letter in

Match the items below by entering the appropriate code letter in the space provided A. Unlimited liability B. Partner admission by investment C. Partners' capital statement D. Partnership agreement E. Income ratio F. Distribution of cash to partners G. Mutual agency H. . Partnership liquidation J. Purchase interest from partner Capital deficiency in liquidation of a partnership -1. Each partner is personally and individually liable for partnership debts. 2. Made on basis of partners' capital balances. 3. Explains changes in individual partner's capital accounts during a period. 4. Each partner can bind the partnership so long as the action appears to be appropriate for the partnership 5. Business terminates. 6. Results in an increase in total net assets and total capital of the partnership. 7. Capital account with a debit balance. 8. The basis for sharing income and losses. 9. Total net assets and total capital of the partnership do not change 10. Written contract establishing duties and responsibilities of partners

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