Page 11 - Demo

%u062c%u0645%u064a%u0639 %u0627%u0644%u062d%u0642%u0648%u0642 %u0645%u062d%u0641%u0648%u0638%u0629 %u0640 %u0627%u0625%u0644%u0639%u062a%u062f%u0627%u0621 %u0639%u0644%u0649 %u062d%u0642 %u0627%u0644%u0645%u0624%u0644%u0641 11 %u0628%u0627%u0644%u0646%u0633%u062e %u0623%u0648 %u0627%u0644%u0637%u0628%u0627%u0639%u0629 %u064a%u0639%u0631%u0636 %u0641%u0627%u0639%u0644%u0647 %u0644%u0644%u0645%u0633%u0627%u0626%u0644%u0629 %u0627%u0644%u0642%u0627%u0646%u0648%u0646%u064a%u0629How should we deal with the exceptions (AR & NR)?We can distinguish between two cases%u2776Market Value is not given%u2777Market Value is givenMalika presented the book value of Accounts Receivable as follows: AR 10,000(-) AFDA (2,000)8,000The partners did not agree on any new market value for the AR.If you know that Malika%u2019s share is $8,000.Prepare the journal entry.Malika presented the book value of Accounts Receivable as follows: AR 10,000(-) AFDA (2,000)8,000but the partners agreed that the market value (realized value) of AR is $7,000.If you know that Malika%u2019s share is $7,000.Prepare the journal entry.AR 10,000AFDA 2,000Malika%u2019s capital 8,000AR 10,000AFDA (10,000 - 7,000) 3,000Malika%u2019s capital 7,000As a result of the afore mentioned, we should:1- Record the AR in the Dr. side by its Face Value.2- Record the AFDA in the Cr. side, but we have 2 cases:%u2776Market Value is not given%u2777Market Value is given%u2e2b Old AFDA should be recorded (if any) %u2e2b New AFDA should be computed & recordedNEW AFDA = Face Value %u2013 Market ValueNotes Receivable should be treated exactly as Accounts Receivable but instead of using AFDA we use another account called Allowance For Discounting Note (AFDN).9