Anton and Belle have been in partnership for some years. From the start of trading their fixed
capital has been $100 000 and $80 000 respectively.
Their partnership agreement allows for interest on capital of 10% a year, a salary to Anton of
$12 000 a year and a profit sharing ratio of 2:1 respectively.
Other information is as follows.
REQUIRED
Prepare the partnership appropriation account for the year ended 31 December 2013.
Anton and Belle
Appropriation Account for the year ended 31 December 2013