Cambrige Notes: Principles of Accounting: Appropriation Account Example
Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes: Accounting for Partnerships: Appropriation Account Example
- You can find the introduction to Appropriation Accounts here
- Having introduced them we will now look at an example
Example Question Appropriation Account
Gandanga, Waeni and Banda are partners. They share profits and losses in the respctive ratios
\tfrac{3}{8} : \tfrac{3}{8}: \tfrac{1}{4}
For the year ended […]
