Page 15 - 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 15 %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%u0629Example (1)On 1/1/2020, A & B decided to establish AB Partnership with total capital $300,000 under the following conditions:Partner A contributed his share in cash of $100,000. Partner B contributed his share by presenting the assets & liabilities of his sole enterprise except cash as a settlement of his contribution in the capital of the new partnership.The balance sheet of the sole enterprise was as follows: Building 50,000 Capital 160,000Furniture 45,000Cash in Bank 20,000 AP 10,000Inventory 30,000AR 25,000Total Assets 170,000 Total Liabilities & OE 170,000If you know that the market value of Assets & Liabilities were as follows:Building 60,000 Furniture 50,000 Inventory 28,000AR 23,000 AP 12,000Required: Prepare the entries & the opening balance sheet.A BHis share = 100,000Paid in cash:Cash 100,000A%u2019s capital 100,000His share = 300,000 - 100,000 = 200,000Paid with his sole enterprise:Building 60,000Furniture 50,000Inventory 28,000AR 25,000Goodwill (Complementary) 51,000AFDA (25,000 - 23,000) 2,000AP 12,000B%u2019s capital 200,000Assets Balance sheet on 1/1/2020 Liabilities & O.E%u2019s%u2019s13163,000214,000%u00d7