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O-LevelAccountingPreparation of financial statements7707/12 · May/June 2022 · Q181 Mark

Which item would not appear in the appropriation account of a partnership?

Ainterest charged on partners' drawings
Binterest paid on loans from partners
Cinterest paid on partners' capital
Dsalaries paid to partners

✓ Correct answer

B: interest paid on loans from partners

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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 2022 Paper 1 Variant 2, question 18.

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