A-LevelAccountingPreparation of financial statements9706/12 · Feb/Mar 2021 · Q141 Mark

Which items would appear in a partnership's appropriation account, in the absence of a partnership agreement? 1 profit for the year 2 partners' interest on drawings 3 partners' salaries 4 partners' share of profits

A1 and 4

B1 only

C2 and 3

D4 only

✓ Correct answer

A: 1 and 4

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Topic: Preparation of financial statements, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, Feb/Mar 2021 Paper 1 Variant 2, question 14.

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