Page 5 - 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 5 %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): True/False1- Any partner in the limited partnership has unlimited responsibility toward unpaid debts of the company.2- In the general partnership, we may find that one partner can refuse to pay the liabilities related to the partnership from his personal assets, because its amount increases over his capital.3- Limited partnership contains only limited partners.4- In all different types of partnerships, there is a General Partner.5- There is no difference between General partners & Limited partners.1 2 3 4 5X X X %u2713 XRemember with me, what would be done to establish a sole enterprise? For example, if we assume that Ahmed started a car maintenance project and deposited 1,000,000 EGP in cash on 1/1/2020 to start practicing its activities.Required: prepare the necessary journal entry and prepare an opening balance sheet on 1/1/2020.To prepare the Journal Entries, we should note that we record the transactions in the Journal from the Company%u2019s point of view NOT from the Owner%u2019s point of view.So; in this case the effect of this transaction on the Company will be:The Company received assets The Equity of the partner increasedAssets (+) %u27ad%u27ad%u27ad it should be Debited Capital (+) %u27ad%u27ad%u27ad it should be Creditedthe journal entry:cash 1,000,000capital 1,000,000Assets Balance sheet on 1/1/2020: Liabilities & O.Ecash 1,000,000 capital 1,000,0001,000,000 1,000,000Well, that was very easy, and no3Formation