A-LevelAccountingThe accounting cycle9706/12 · Feb/Mar 2023 · Q11 Mark

Why did Amitav prefer to form a partnership with Lennie rather than set up as a sole trader?

AAmitav was certain they could work without disagreements.

BLennie had a different area of expertise to Amitav.

CThe financial statements of a partnership are not shared publicly.

DThe legal requirements in setting up the business would be reduced.

✓ Correct answer

B: Lennie had a different area of expertise to Amitav.

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Topic: The accounting cycle, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, Feb/Mar 2023 Paper 1 Variant 2, question 1.

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