O-LevelAccountingPreparation of financial statements7707/12 · May/June 2018 · Q201 Mark

Which item is credited in a partnership appropriation account?

Ainterest on capital

Binterest on drawings

Cpartners' drawings

Dpartners' salaries

✓ Correct answer

B: interest on drawings

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About this question

Topic: Preparation of financial statements, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2018 Paper 1 Variant 2, question 20.

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