Accounting 0452 · IGCSE · Partnerships

Partnerships — practice question

What is the purpose of drawing up a partnership appropriation account?

  • Ato calculate the interest to be charged on the drawings made by each partner
  • Bto calculate the interest to be paid on the capital invested by each partner
  • Cto show the amount of salary to which each partner is entitled
  • Dto show the division of the profit or loss for the year between the partners

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