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12 marksPartnership Financial Statements and Current Accounts

CSEC Principles of Accounts · May/June 2017 · Paper 2 · Question 4(a)

House and Home are partners in a shipping business. Account balances as at 31 December 2016 and partnership terms are provided.

Prepare a classified Statement of Financial Position (Balance Sheet) in vertical style for House and Home Partners as at 31 December 2016.

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Other parts of this question

  1. 4(b)Prepare the partners' Current Accounts showing the changes in their balances over the year ended 31 December 2016.[8 marks]

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