A-LevelAccountingPreparation of financial statements9706/12 · Oct/Nov 2012 · Q141 Mark

Which items would appear in a partnership's appropriation account? 1 partners' interest on capital 2 partners' introduction of new capital 3 salaries of employees 4 salaries of partners

A1 and 2

B1 and 4

C2 and 3

D3 and 4

✓ Correct answer

B: 1 and 4

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Topic: Preparation of financial statements, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, Oct/Nov 2012 Paper 1 Variant 2, question 14.

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