A-LevelAccountingPartnershipsMay/June 2011Paper 1 Q161 Mark

A partnership provides the following financial information for the year ended 30 June 2011. $000 profit from operations 240 bank interest payable 21 interest credited to current accounts 15 drawings 100 partnership salaries 95 What is the residual balance of profits to be appropriated between the partners?

Q: What is the correct answer to this A-Level Accounting question?

The correct answer is C: $109 000.

Q: What topic does this question test?

This question tests Partnerships in A-Level Accounting (syllabus code 9706). It is worth 1 mark.

A$9000

B$104 000

C$109 000

D$204 000

✓ Correct Answer

The correct answer is C: $109 000

📋 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...

🎯 Mark Scheme Breakdown

Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.

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About This A-Level Accounting Question

Topic

This multiple-choice question tests Partnerships in A-Level Accounting (syllabus code 9706). It is worth 1 mark.

Source

This question appeared in the Cambridge A-Level Accounting May/June 2011 examination, Paper 1 Variant 2.

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