A-LevelAccountingPartnership AccountsOct/Nov 2014Paper 1 Q91 Mark

Goodwill is adjusted in partners' accounts when there is a change in the profit sharing ratio. How is this recorded?

Q: What topic does this question test?

This question tests Partnership Accounts in A-Level Accounting (syllabus code 9706). It is worth 1 mark.

Acapital accounts in new profit sharing ratio, capital accounts in old profit sharing ratio

Bcapital accounts in old profit sharing ratio, capital accounts in new profit sharing ratio

Ccurrent accounts in new profit sharing ratio, current accounts in old profit sharing ratio

Dcurrent accounts in old profit sharing ratio, current accounts in new profit sharing ratio

✓ Correct Answer

The correct answer is A: capital accounts in new profit sharing ratio, capital accounts in old profit sharing ratio

📋 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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About This A-Level Accounting Question

Topic

This multiple-choice question tests Partnership Accounts in A-Level Accounting (syllabus code 9706). It is worth 1 mark.

Source

This question appeared in the Cambridge A-Level Accounting Oct/Nov 2014 examination, Paper 1 Variant 2.

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