Accounting 9706 · AS & A Level · Preparation of financial statements

Preparation of financial statements — practice question

L and M operate as partners. Which item ought to be shown in the partnership appropriation account?

  • Aadditional capital contributed by M
  • Bcash drawings of L and M during the year
  • Csalary due to L
  • Dsalary paid to M’s sister

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI