Multiple Choice
When drawing up accounts for Partnerships,additional personal accounts must be shown:
(i) Individual Current Accounts
(ii) Individual Capital Accounts
(iii) Individual Drawings Accounts
(iv) Individual Revenue Accounts
A) All of the above
B) (ii) only
C) (i) and (ii) only
D) (i) , (ii) and (iii) only
Correct Answer:

Verified
Correct Answer:
Verified
Q14: A Sole Trader has a number of
Q15: Revenue will appear as a debit item
Q16: Which of the following would be the
Q17: When there is an increase in a
Q18: On a trail balance,almost all debit items
Q20: If an electricity prepayment is increased,the accounting
Q21: What are "Drawings" and what is their
Q22: If it is known that a debtor
Q23: The following information is available from
Q24: If land is revalued upwards,the accounting adjustment