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3 marksPartnership Financial Statements and Current Accounts

CSEC Principles of Accounts · May/June 2011 · Paper 2 · Question 2(c)

Complete the worksheet provided to arrive at the share of remaining income or profit earned by EACH partner.

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Other parts of this question

  1. 2(a)Prepare the journal entry to record the admission of Telford into the partnership.[3 marks]
  2. 2(b)Prepare an extract of the Partnership Appropriation Account up to the share of remaining profit for the year ended December 31, 2010.[7 marks]
  3. 2(d)Prepare the Current Accounts of the partners as at December 31, 2010.[7 marks]

More practice: the rest of this paper · more Partnership Financial Statements and Current Accounts questions · all CSEC Principles of Accounts past papers