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  • Farjuly 2021

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    datu mohd aslam
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    1) The document contains accounting records for a partnership including capital accounts, appropriation accounts, revaluation accounts, and current accounts for four partners - Ahmad, Seri, Jarrah, and Farah. 2) It shows transactions such as capital introduced, share of profit, partner salaries, interest on capital and drawings, and the calculation of balance on capital accounts. 3) The final balances on the capital accounts are Ahmad RM96,265, Seri RM73,874, Jarrah RM0, and Farah RM9,160.

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    farjuly2021

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    1) The document contains accounting records for a partnership including capital accounts, appropriation accounts, revaluation accounts, and current accounts for four partners - Ahmad, Seri, Jarrah, and Farah. 2) It shows transactions such as capital introduced, share of profit, partner salaries, interest on capital and drawings, and the calculation of balance on capital accounts. 3) The final balances on the capital accounts are Ahmad RM96,265, Seri RM73,874, Jarrah RM0, and Farah RM9,160.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    17 views1 page

    Farjuly 2021

    Uploaded by

    datu mohd aslam
    1) The document contains accounting records for a partnership including capital accounts, appropriation accounts, revaluation accounts, and current accounts for four partners - Ahmad, Seri, Jarrah, and Farah. 2) It shows transactions such as capital introduced, share of profit, partner salaries, interest on capital and drawings, and the calculation of balance on capital accounts. 3) The final balances on the capital accounts are Ahmad RM96,265, Seri RM73,874, Jarrah RM0, and Farah RM9,160.

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    © All Rights Reserved
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    of 1

    Goodwill Account revaluation account statement of appropriation capital account

    particular dr cr balance dr cr balance pre post total ahmad seri jarrah farah
    capital: balance c/d 20000 RM RM RM balance b/d 150000 120000 100000
    ahmad 50000 capital net profit 100000 50000 150000 add:
    seri 30000 ahmad 10000 add:interest on drawing bank 50000
    jarrah 20000 100000 seri 6000 ahmad 67 67 134 goodwill 50000 30000 20000
    ahmad 40000 jarrah 4000 0 seri 0 0 0 200000 150000 120000 50000
    seri 40000 jarrah 0 0 0 less:
    farah 20000 0 farah 0 17 17 goodwill 40000 40000 20000 20000
    100067 50084 150151 bank 36000
    less: loan 60000
    interest on capital current account 0
    ahmad 5000 0 5000 revaluation 10000 6000 4000
    seri 4000 0 4000 balance c/d 150000 104000 0 30000
    jarrah 3333 0 3333 current account
    farah 0 0 ahmad seri jarrah farah
    partner salaries balance b/d 30000 20000 -10000
    ahmad 8000 4000 12000 add:
    seri 8000 4800 12800 interest on capital 5000 4000 3333 0
    jarrah 0 0 shared profit 51421 37074 14347 7777
    farah 0 2400 2400 partner salaries 12000 12800 2400
    28333 11200 39533 98421 73874 7680 10177
    distribution profit: 71734 38884 110618 less:
    ahmad 35867 15554 51421 drawings 2000 0 0 1000
    seri 21520 15554 37074 interest on drawings 22 0 0 17
    jarrah 14347 0 14347 capital account 134 0 7680 0
    farah 0 7777 7777 balance c/d 96265 73874 0 9160

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