A-LevelAccountingSole Traders and PartnershipsMay/June 2025Paper 1 Q181 Mark
Valerie and Paul are in partnership, sharing profits and losses in the ratio of 5:3 respectively. The partnership profit for the year was $250000. The appropriation account of the partnership for the year included the following information. total interest on partners' drawings $12000 total interest on partners' capital contributions $18000 What was Paul's share of the residual profits?
A$82500
B$91500
C$93750
D$96 000
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of sole traders and 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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