Partnershipaccountexample-StudentsubdomainforUniversity合伙账户的例子——子域大学学生

,Click to edit Master title style,Click to edit Master text styles,Second level,Third level,Fourth level,Fifth level,*,*,*,Partnership account example,Blair,Short&Steel are in partnership,At year ending 31 December 2007 the following information pertained.,Net profits 111,100,Interest to be charged on capitals:,Blair 3,000,Short 2,000&Steel 1,500,Interest to be charged on drawings:,Blair 400,Short 300&Steel 200,Salaries to be credited:,Short 20,000&Steel 25,000,Profits to be shared:,Blair 70%,Short 20%,Steel 10%,Current account balances b/d:,Blair 18,600,Short 9,460,Steel 8,200,Capital account balances b/d:,Blair 100,000,Short 50,000,Steel 25,000,Drawings:,Blair 39,000,Short 27,100,Steel 16,800,Prepare Profit&Loss Appropriation account for the year ending 31 Dec 2007,and a Balance Sheet extract at that date.,Appropriation Account for year ending 31 December 2007,Net Profit111,100,Add Interest on drawings,Blair400,Short300,Steel,200,900,112,000,Less Interest on capitals,Blair3,000,Short2,000,Steel,1,500,6,500,Salaries,Short20,000,Steel,25,000,45,000,51,500,Balance of Profits60,500,Shared:,Blair 70%42,350,Short 20%12,100,Steel 10%,6,050,60,500,Balance Sheet for the year ended 31 December 2007(Extracts),Capital Accounts,Blair100,000,Short 50,000,Steel,25,000,175,000,Current AccountsBlairShortSteel,Balances 01.01.0718,6009,4608,200,Add Interest on Capital 3,0002,0001,500,Add Salaries20,00025,000,Add Share of Profits,42,35012,1006,050,63,95043,56040,750,Less Interest on drawings400300200,Less Drawings,39,00027,10016,800,24,55016,16023,750,64,460,