A-LevelAccountingPreparation of financial statements9706/12 · Oct/Nov 2018 · Q131 Mark

Which items would not be in the appropriation account for a partnership? 1 interest on capital 2 interest on a partner's loan 3 share of profit on revaluation of assets 4 share of residual profit

A1 and 2

B1 and 4

C2 and 3

D3 and 4

✓ Correct answer

C: 2 and 3

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Topic: Preparation of financial statements, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, Oct/Nov 2018 Paper 1 Variant 2, question 13.

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