Page 53 - 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 53 %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%u0629Here we will follow the same steps unless the withdrawal entry which will be:Capital (Retired partner) xCapital (purchaser) xVery important rule: The cash paid from partner to partner neglected except If they agree to record G.W., so we have to use this payment just to calculate G.W.Example (6)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 $225,000 in cash from partner A.Required: Record the withdrawal of partner B.1- Revaluate AssetsThere is no evaluation2- G.W.There is no G.W3- New capitalThere are no changes4- Withdrawal entryB%u2019s Capital 200,000A%u2019s Capital 200,000Example (7)Assume in the previous example that the land was undervalued (understated ) by $60,000.1- Revaluate AssetsLand 60,000A%u2019s capital (60,000 x 1/3) 20,000B%u2019s capital (60,000 x 1/3) 20,000C%u2019s capital (60,000 x 1/3) 20,0002- G.W.There is no G.W.3- New capitalA B CBefore 100,000 200,0000 300,000(2) 20,000 20,000 20,000After 120,000 220,000 320,0004- Withdrawal entryB%u2019s capital 220,000A%u2019s Capital 220,000Second: Other partners purchase the equity of retired partner51