=+Before making any adjustments required by the agreement, the profit for the year ending 31st December, 1961,

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=+Before making any adjustments required by the agreement, the profit for the year ending 31st December, 1961, amounted to £5,440 and, during the year, each partner had drawn £100 per month.

Prepare the Profit and Loss Appropriation Account and the partners'

Current Accounts for the year ending 31st December, 1961.

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