Page 49 - 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 49 %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%u0629SeparationIf we have 3 partners A , B & C and %u201cB%u201d is going to get out of the co. (retired partner)The problem is how partner B will receive his equity?B probably receive his equity from:1) The companycompany purchase B%u2019 equity2) The Remaining partnersA & C purchase B%u2019 equity3) New PartnerPartner D purchase B%u2019 equityB%u2019s capital (close it) xxCash xxBut before doing this entry (Withdrawal entry) don%u2019t forget to:1- Revaluate Assets (if any).2- Record G.W (if any): which can be:a- G.W. related to the retired partner only (his G.W) = The amount paid to B - his capital - his share in revaluation b- Total G.W. for the whole company = his G.W. (calculated in a) x his inverted ratio3- Then Calculate the new capital balances after previous steps.4- Finally, record Withdrawal entry.Example (1)A, B, & C partners in ABC company with capital balances $100,000, $200,000, & 300,000, respectively. They distribute profit & Loss equally. On 1/4/2020 partner B is retired and receive $230,000 in cash from the company.If you know that: Land undervalued (understated) by $90,000, And partners agree to reevaluate the land before retirement.Required: Record the withdrawal of partner B.1- Revaluate AssetsLand 90,000A%u2019s capital (90,000 x 1/3) 30,000B%u2019s capital (90,000 x 1/3) 30,000C%u2019s capital (90,000 x 1/3) 30,0002- G.W.His G.W. = 230,000 %u2013 200,000 %u2013 30,000 = 03- New capitalA B CBefore 100,000 200,0000 300,000(1) 30,000 30,000 30,000After 130,000 230,000 330,0004- Withdrawal entryB%u2019s capital 230,000Cash 230,000The SameFirst: Company purchase the equity of retired partner47