T & P & L Appropriation A/C.

£ £
Net profit xxx
Add interest on drawings A xxx xxx
B xxx xxx
xxx
Less interest on capital A xxx xxx
B xxx xxx
xxx
Less salary/Bonus A xxx xxx
B xxx xxx
Less Good will written off (if any) xxx
xxx
Less Share of profit. A xxx xxx
(As per ratio) B xxx xxx

PARTNERS CURRENT A/C

A B A B
£ £ £ £
Balance b/d (if any) xxx xxx Balance b/d xxx xxx
Drawings xxx xxx Interest on capital xxx xxx
Interest on drawing xxx xxx Salary/Bonus xxx xxx
Balance c/d xxx xxx Share of profit xxx xxx
Interest on loans xxx xxx
xxx xxx Xxx xxx