# Final accounts question

jordanfisher
Registered Posts:

**7**
I'm just after some help, doing some practise assessments the question is about appropriation account a profit and partner leaving.

I have the following information;

Profit before appropriation is £84000, and £48000 after deductions this is correct as per the answers.

There are 3 partners, financial year starts April.

From April - 30th June profits are A 30% B 50% and C 20%

From July - 31st March profits are B 70% and C 30% as A has left.

Working from £48000 as the profit to be distrubted can you advise what you think the answer should be please. As what I have isn't right according to my answer sheet.

Thanks

I have the following information;

Profit before appropriation is £84000, and £48000 after deductions this is correct as per the answers.

There are 3 partners, financial year starts April.

From April - 30th June profits are A 30% B 50% and C 20%

From July - 31st March profits are B 70% and C 30% as A has left.

Working from £48000 as the profit to be distrubted can you advise what you think the answer should be please. As what I have isn't right according to my answer sheet.

Thanks

## Answers

129................................3 mths to 30 Jun.........9 mths to 31 Mar

Profit available

for distribution........12,000...............................36,000

A 30%.......................3600..................................NIL

B 50%/ 70%.............6000..................................25,200

C 20%/30%...............2400.................................10,800

Is this the answer?

7But the answer booklet is

A; 2700 & 0

B; 4500 & 27300

C; 1800 & 11700

Meaning 1st April - 30th June total 9000

1st July - 31st March total 39000

1297I'm happy knowing that I got the same answer as you so that's fine :-) thanks for your help