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Calculate the corrected profit for the year.

May 19, 2026Business/Management

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Here is the Statement of Changes in Equity for Kwagga Packaging for the year ended 30 June 2025.

Calculate the corrected profit for the year.
The pre-adjustment profit is R328,700. Additional information 2 states that depreciation on machinery of R4,200 has not yet been accounted for. This depreciation reduces the profit.
$\text{Corrected Profit} = \text{R}328\,700 - \text{R}4\,200 = \text{R}324\,500$
Calculate the appropriation of profit.
- Partners' Salaries (Additional information 1.1): R

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