Prepare the appropriation account and the partners' current accounts from the given data.

1. 1 · Start with the profit for the year. After any interest on partners' loans.
2. 2 · Add interest on drawings. For each partner.
3. 3 · Deduct salaries. Partners' salaries as agreed.
4. 4 · Deduct interest on capital. Rate × capital for each partner, time-weighted if capital changed.
5. 5 · Share the residual profit. In the profit-sharing ratio; check that the shares add up.
6. 6 · Prepare the current accounts.
   • Credit: opening balance, salary, interest on capital, profit share.
   • Debit: drawings and interest on drawings.
   • Balance c/d.
7. 7 · Show partners' funds. Capitals + current account balances in the statement of financial position.

Scoring tip: Use columnar current accounts (one column per partner); it saves time and space.