A-LevelAccountingPartnership AccountsFeb/Mar 2023Paper 1 Q161 Mark
John and Mary are in partnership. After the first year of operation, the current accounts of both partners had a debit balance. What might have caused the debit balances? 1 drawings 2 loss for the year 3 salaries they are entitled to
A1, 2 and 3
B1 and 2 only
C1 and 3 only
D2 and 3 only
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of partnership accounts within the Accountingsyllabus. The examiner's mark scheme requires...
📋 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...
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