(b)prepare current account of the partners in columnar format

c)calculate the partnership return on investment for the financial year ended Dec 31 2017

4. Benji and Nicka are in a partnership sharing profits and losses in the ratio of 3:2. At the close of ks of accounts.. business on 31 December 2017 the following information was taken from their boo Drawings for the Current Accounts !January 2017 Fixed Capital $160 000 $140 000 Year ended 3| December 2017 $6 000 $4 300 | Benji Nicka Nicka should receive an annual salary of $5 000 Interest on fixed capital is to be awarded at 10% Interest on drawings is to be charged at 5% Net income calculated at 31 December 2017 was $56 200 $1 300 Dr $8 200 Cr Using the form provided on page 13, prepare the appropriation account for Benji and Nicka for the year ended 31 December 2017. (a)