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The following balances were extracted from the ledger of DUMISANI STORES (with partners S. Dumi and Z. Sani) on 28 February 2020, the end of
The following balances were extracted from the ledger of DUMISANI STORES (with partners S. Dumi and Z. Sani) on 28 February 2020, the end of the accounting period. Note: Dumi decreased his capital by R25 000 and Sani increased her capital by R25 000 on 28 February 2020. The profit for the year is R92000. The partnership agreement stipulates the following: (a) Salary allowance to Dumi, R30 000 p.a. (b) Salary allowance to Sani, R15 000 p.a. (c) Interest on capital@ 12\% p.a. (d) Remaining profit and losses to be shared between Dumi and Sani in the of 3:2. Required. Prepare the Appropriation Account in the General Ledger
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