A-LevelAccountingPartnership AccountsOct/Nov 2016Paper 1 Q141 Mark
The following information relates to a partnership. $ profit from operation 90000 loan interest 3200 interest on drawings 6000 drawings 40000 interest on capital 11000 What is the residual profit to be appropriated amongst the partners?
A$41800
B$69800
C$81800
D$91800
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding of partnership accounts 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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