A-LevelAccountingPartnershipsMay/June 2022Paper 1 Q161 Mark
The following information is available for a partnership. profit for the year before interest $15000 interest on partner's loan to the firm $1000 interest on capital $2000 drawings $10000 Which profit figure is to be appropriated between the partners?
A$3000
B$13000
C$14000
D$15000
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding of partnerships 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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