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1 markPartnership Financial Statements and Current Accounts

CSEC Principles of Accounts · January 2012 · Paper 2 · Question 2(d)

Calculate how much more cash, if any, Partner B can withdraw from the business without taking away from his capital, showing your working.

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Other parts of this question

  1. 2(a)Identify THREE items from the provided list that would be found in Partner A and Partner B's partnership agreement.[3 marks]
  2. 2(b)Prepare the Income Statement for Partners A and B for the period ended 31 December 2011.[8 marks]
  3. 2(c)Prepare the Appropriation Account for the partnership for the period ended 31 December 2011.[8 marks]

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