A-LevelAccountingPreparation of financial statements9706/12 · Oct/Nov 2025 · Q161 Mark
A partnership maintains both capital and current accounts for its partners. What is the correct accounting entry for recording interest on capital for partner X? account to be debited account to be credited A appropriation X's capital B appropriation X's current C X's capital appropriation D X's current appropriation
Aappropriation, X's capital
Bappropriation, X's current
CX's capital, appropriation
DX's current, appropriation
✓ Correct answer
B: appropriation, X's current
Practise more questions on this topic
Oracle Prep sorts past-paper questions by topic, so you can drill Preparation of financial statements and see which topics are most likely to come up next.
Sign up free →