Chapter 9, Problem 9.9P

I am trying to find the accurate solution to this financial accounting problem with appropriate explanations.

Can you solve this general accounting problem using accurate calculation methods?

I need help with this financial accounting question using standard accounting techniques.

I am searching for the correct answer to this financial accounting problem with proper accounting rules.

Can you help me solve this financial accounting question using valid financial accounting techniques?

Sisu, Oliver and Jones are partners. They share profits and losses in the ratios 2/5,2/5 and 1/5 respectively.  For the year ended 31 December 19x6 their capital accounts remained fixed at the following amounts  Sisu R6000  Oliver R4000  Jones R2000  They have agreed to give each other 10 per cent per annum on their capital accounts. In addition to the above partnership salaries of R3000 for Oliver and R1000 for Jones are to be charged. The net profit of the partnership before taking any of the above into account was R25200. You are required to draw up the appropriation statement of the partnership for the year ended 31 December 19x6

Please explain the solution to this general accounting problem using the correct accounting principles.

Please explain the solution to this financial accounting problem using the correct financial principles.

Please help me solve this financial accounting problem with the correct financial process.