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Question 6.1: Gilbert and Bufton are partners sharing profits and losses i...

Gilbert and Bufton are partners sharing profits and losses in the ratio 3:2. The operating
profit for the year ended 31 December 2013 was £60,000. As Gilbert worked
full-time whilst Bufton worked part-time for the partnership, Gilbert was allowed a
salary of £12,000 p.a.
Show the ‘appropriation account’ section of the income statement for the year.

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