A-LevelAccountingPreparation of financial statements9706/12 · May/June 2021 · Q141 Mark

Which account is used to calculate the profit or loss on the dissolution of a partnership?

Aappropriation account

Bcapital account

Crealisation account

Drevaluation account

✓ Correct answer

C: realisation account

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Topic: Preparation of financial statements, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, May/June 2021 Paper 1 Variant 2, question 14.

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