Concept:Partnerships are profit-oriented businesses, so they prepare accounts that show profit distribution.Explanation:Trading account, profit and loss account, and profit and loss appropriation account are all prepared by a partnership.The income and expenditure account is prepared by non-trading concerns, such as clubs or charities, to show surplus or deficit.Since a partnership exists to earn profit, it does not prepare an income and expenditure account.Answer:C. income and expenditure account