I have done my introduction regarding the partnership accounts in class recently. Also, we have done some exercise regarding the profit and loss appropriation account where you able to classify items whether it is an expense or revenue to the partnership. In the end, you managed to get the profit distributed to each partner.
Therefore, before we proceed to the creation of the current account of the partnership, you need to master the profit appropriation account in the first place. Download the exercise, attempt them and we will discuss later in class.
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