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CXC CAPE · · Accounting

Partnership accounts
Practice Questions

40 CXC CAPE Accounting questions on Partnership accounts, each with instant feedback and a full examiner-style mark scheme.

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✨ Revision guide includes key terms, worked examples and exam technique for Partnership accounts.

Try 2 sample questions on Partnership accounts

Question 1 · 1 mark · Difficulty 1/3

What is the purpose of the appropriation account?

  1. To calculate the profit for the year
  2. To divide the profit for the year among the partners
  3. To record the partners' drawings during the year
  4. To value the capital each partner has contributed
Show answer & explanation
✓ Answer: B — To divide the profit for the year among the partners
Award 1 mark. It sits immediately below the income statement, because the profit must already have been calculated before it can be divided.
Question 2 · 1 mark · Difficulty 1/3

How is a partner's salary treated?

  1. As an appropriation of profit, below the profit line
  2. As a liability of the partnership
  3. As an expense in the income statement
  4. As a reduction of that partner's capital account
Show answer & explanation
✓ Answer: A — As an appropriation of profit, below the profit line
Award 1 mark. Treating it as an expense would reduce profit for the year, so the other partners would bear part of it — which is exactly what the appropriation account prevents.
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20 questions · 25 min · free

CXC CAPE Accounting: Partnership accounts FAQ

Is Kramizo free for CXC CAPE students preparing for Accounting?
Yes — completely free. Every student gets 45 questions a day on the free plan, with no card required and no trial countdown. That free quota works across every subject and every topic in our bank, so you can mix Partnership accounts practice with other Accounting topics or even switch to a totally different CXC CAPE subject without paying anything. Kramizo's optional Pro plan removes the daily cap and adds detailed progress analytics, but the free tier is the real product — used by thousands of GCSE, IGCSE and CSEC students.
Are the Partnership accounts questions aligned to the official CXC CAPE Accounting syllabus?
Every question is written against the published CXC CAPE Accounting specification, including the exact command words (state, describe, explain, calculate, evaluate, etc.), mark allocations, and difficulty tier you'd see on a real CXC CAPE paper. Explanations are written in the style of official examiner mark schemes — they tell you what is being awarded marks and why distractors are wrong, not just whether you got it right. The bank is continually refined to match the latest syllabus updates from CXC CAPE.
How is Partnership accounts typically tested on CXC CAPE Accounting papers?
Partnership accounts appears across multiple question types on real CXC CAPE Accounting papers — most commonly as multiple-choice questions in the objective section, structured short-answer questions in the main paper, and occasionally as part of an extended response. Kramizo's practice bank reflects that mix: 4-option MCQs, true/false statements, fill-in-the-blank key terms, multi-select questions, and ordering questions. Working through the bank gives you exposure to every question style examiners actually use.

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