Partnerships: past paper questions
Real questions on partnerships
The newest 20 of 99 written questions. Open one to see it on the real paper.
- 9706/32 · October/November 2025 · Q1a[1]
Suggest one reason why QW plc might want to purchase the partnership.
See it on the paper → - 9706/32 · October/November 2025 · Q1b[5]
Prepare the realisation account if option 1 is adopted.
See it on the paper → - 9706/32 · October/November 2025 · Q1c[6]
Calculate the amount of cash payable to or receivable from each partner if option 1 is adopted. Omira $ Peter $ Cash
See it on the paper → - 9706/32 · October/November 2025 · Q1d[3]
Prepare the bank account of the partnership, showing the entries to close the business if option 1 is adopted.
See it on the paper → - 9706/33 · October/November 2025 · Q2b[5]
Discuss whether the decision to admit Sami into the partnership has benefited Aimee and Benny.
See it on the paper → - 9706/33 · October/November 2025 · Q2c[5]
Calculate the total income for Sami for the six-month period ended 31 December 2024. Additional information To obtain all the capital he introduced into the partnership, Sami took out a long-term loan which was secured on his family home. Interest on this loan was payable at the rate of 8% per annum.
See it on the paper → - 9706/33 · October/November 2025 · Q2d[5]
Evaluate whether or not Sami’s decision to join the partnership has benefited him. Justify your answer.
See it on the paper → - 9706/32 · May/June 2025 · Q3a(i)[2]
State two reasons why a business may have goodwill.
See it on the paper → - 9706/32 · May/June 2025 · Q3a(ii)[1]
State one reason why Chandra has to pay for the goodwill.
See it on the paper → - 9706/32 · May/June 2025 · Q3b[3]
State three reasons why a goodwill account is not maintained in the partnership’s books.
See it on the paper → - 9706/32 · May/June 2025 · Q3c[5]
Calculate the amount payable to Betty on 1 January 2025.
See it on the paper → - 9706/32 · May/June 2025 · Q3d[6]
Calculate the amount of cash introduced by Chandra on 1 January 2025.
See it on the paper → - 9706/32 · May/June 2025 · Q3e[8]
Prepare the statement of financial position of the new partnership at 1 January 2025.
See it on the paper → - 9706/22 · February/March 2025 · Q1a[8]
Calculate the revised profit for the year ended 31 December 2024. Additional information The partners share profits and losses in the ratio Sara : Viraj, 2 : 1, after providing for the following: 1 Interest is charged on each partner’s drawings at 5% on the total of drawings for the year in excess of $10 000. 2 Sara is...
See it on the paper → - 9706/22 · February/March 2025 · Q1b[3]
Appropriation account for the year ended 31 December 2024 (b) Prepare the appropriation account for the year ended 31 December 2024.
See it on the paper → - 9706/32 · February/March 2025 · Q2c[8]
Complete the capital accounts of Ada and Brian on page 9, showing the final settlement with the partnership’s cash at bank account. Ada $ Brian $ Capital accounts Ada $ Brian $
See it on the paper → - 9706/32 · October/November 2024 · Q2b(i)[4]
corrected capital accounts for the year Capital accounts Belinda $ Nigel $ Amina $ Belinda $ Nigel $ Amina $
See it on the paper → - 9706/32 · October/November 2024 · Q2b(ii)[13]
corrected current accounts for the year. Current accounts Amina $ Belinda $ Nigel $ Amina $ Belinda $ Nigel $ Workings: Additional information Pyotr has been the partnership’s accountant since it was originally started. However, since noticing his errors Amina is now wondering if the partnership should appoint a new ac...
See it on the paper → - 9706/32 · October/November 2024 · Q2c[5]
Advise the partners whether or not they should appoint a new accountant. Justify your answer.
See it on the paper → - 9706/32 · February/March 2024 · Q1a[11]
Prepare, showing the adjustments made during the acquisition on 1 January 2024, the capital accounts of Ada and Brian. Show the final settlement to or from each partner. Workings:
See it on the paper →
What examiners said
A draft profit had to be corrected to reflect corrections to arrive at a revised profit for the year. Many gained full marks to start this paper, and calculations clearly indicated whether items were added or subtracted from the draft profit for the year. The main weaknesses were a failure to calculate interest on the partner’s loan taking account of the fact that the loan had been arranged part w...
— Examiner report, February/March 2025, 9706/22 Q1(a) (Cambridge)
A partnership appropriation account was required. It is essential that the full names of the partners are used and not their initials. Few candidates gained full marks as the interest on drawings was incorrect in many cases. The rest was well done and gained the marks, and the layout was generally good. However, most candidates failed to take account of the additional drawings when calculating int...
— Examiner report, February/March 2025, 9706/22 Q1(b) (Cambridge)
Most candidates made correct entries for both the current account and W Limited but relatively few calculated and entered the profit on realisation correctly. Errors included the omission of the discount on trade payables and the inclusion of goodwill after posting the profit on realisation.
— Examiner report, February/March 2025, 9706/32 Q2(c) (Cambridge)
Past papers, syllabus and examiner reports © UCLES (Cambridge University Press & Assessment). Questions are matched to topics from the official syllabus. AssessPro is independent and not endorsed by Cambridge.