A-LevelAccountingPreparation of financial statements9706/12 · May/June 2010 · Q161 Mark

L and M are in partnership. Which item should appear in the partnership appropriation account?

Aadditional capital contributed by M

Bcash drawings of L and M during the year

Csalary due to L

Dsalary paid to M's wife

✓ Correct answer

C: salary due to L

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Topic: Preparation of financial statements, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, May/June 2010 Paper 1 Variant 2, question 16.

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