A-LevelAccountingPartnership AccountsOct/Nov 2020Paper 1 Q121 Mark
Adil and Bashir were in partnership sharing profits and losses in the ratio 2:1. Chandra joins the partnership and profits and losses are now to be shared between Adil, Bashir and Chandra in the ratio 3:2:1. The balances of the partners' capital accounts prior to Chandra joining the partnership are as follows: $ Adil 20000 Bashir 10000 Goodwill is to be valued at $36000 and is not to be retained in the books of account. What is the balance on Adil's capital account after Chandra joined the partnership?
A$20000
B$26000
C$38000
D$44 000
✓ Correct Answer
The correct answer is B: $26000
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
🎯 Mark Scheme Breakdown
Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.
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