A-LevelAccountingPartnership Accounts - Appropriation of ProfitMay/June 2019Paper 1 Q121 Mark
D, E and F are in partnership, sharing profits in the ratio 2:2:1. D is allowed an annual salary of $10000. E has made a loan to the partnership on which the partnership pays interest of $5000 each year. Profit for the year before appropriation was $150000. What was F's total share of profit for the year?
A$27000
B$28000
C$29000
D$30000
✓ Correct Answer
The correct answer is B: $28000
📋 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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