A-LevelAccountingPartnerships (Appropriation Account)May/June 2024Paper 1 Q151 Mark
Both partners in a business have a credit balance on their current account. How does the inclusion of interest on drawings affect the financial statements of the partnership? current account balance shares of residual profit
Adecreases decreases
Bdecreases increases
Cincreases decreases
Dincreases increases
✓ Correct Answer
The correct answer is B: decreases increases
📋 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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