Majority of the candidates attempted this question and performed well in
(a) and (c) and badly in (b).
The expected answer in (b) include:
(c) Partnership Appropriation Account:
This is a final account in which the provisions made on the
partnership agreement are applied;
Net loss, salaries, interest on capital, share of profit are
debited;
Net profit, interest on drawings and share of 1055 are
credited.
