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O-LevelAccountingPreparation of financial statements7707/13 · Oct/Nov 2022 · Q201 Mark

What may appear in a partnership appropriation account?

Acapital and current account balances
Binterest on drawings and interest on partners' loans
Cpartners' salaries, drawings and profit for the year
Dpartners' salaries, interest on capital and profit shares

✓ Correct answer

D: partners' salaries, interest on capital and profit shares

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About this question

Topic
Preparation of financial statements, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, Oct/Nov 2022 Paper 1 Variant 3, question 20.

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