O-LevelAccountingAccounting procedures7707/11 · May/June 2016 · Q161 Mark

Which group of items appears in a partnership appropriation account?

Adrawings, interest on capital, partners' salaries

Binterest on capital, interest on drawings, partners' salaries

Cinterest on capital, partners' loan interest, partners' salaries

Dinterest on drawings, interest on capital, partners' loan interest

✓ Correct answer

B: interest on capital, interest on drawings, partners' salaries

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2016 Paper 1 Variant 1, question 16.

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