Chapter : Partnership

Statement of appropriation account for the year ended 31st December 20**

Details $ $ $
Profit for the year ***
(+) Interest on
drawing :
A- ***
B- *** ***
***
(-)Appropriation
Interest on capital
:
A- ***
B- *** ***
Salary:
A- ***
B- *** ***
Bonus/
Commission :
A- ***
B- *** *** ***
Divisible profit/ ***
profit or loss to be
shared
Share of profit
/loss:
A- (According ***
to ratio)
B- According *** ***
to ratio)

Partner's current account for the year ended 31st December 20**

Dr. Cr.

Date Details A $ B $ Date Details A$ B$

Balance *** *** Balance *** ***
b/d(dr. b/d(cr. Bal)
Bal)
Drawing *** *** Interest on *** ***
capital
Interest *** *** Interest on *** ***
on partner's
drawing loan
 Transfer *** *** Partner's *** ***
to salary
capital
a/c
Bonus *** ***
/Commission
Share profit *** ***
Balance *** *** Balance *** ***
c/d (cr. c/d(dr. Bal)
Bal)
*** *** *** ***
Balance *** *** Balance *** ***
b/d b/d(cr. Bal)

Partner's capital account for the year ended 31st December 20**

Dr. Cr.

Date Details A$ B$ Date Details A$ B$

Goodwill *** *** Balance *** ***
(using new b/d(cr. Bal)
profit
sharing
ratio)
Revaluation *** *** Cash /Bank *** ***
loss (using (new
old profit & capital
loss sharing provided
ratio) by
partners)
Goodwill *** ***
(using old
profit &
loss sharing
ratio)
Balance c/d *** *** Revaluation *** ***
gain ( using
old profit &
loss sharing
ratio)
*** *** *** ***
Balance *** ***
b/d