Page 56 - 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 56 %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%u0629Chapter 4So; in this case the effect of this transaction on the Company will beThe old partners%u2019 capital (-) The NEW partners%u2019 capital(+) %u27ad it should be Debited %u27ad it should be Creditedthe journal entry for admission:Capital (Old Partner ) - X X Capital (NEW Partner ) + X XIn this case we must record the Revaluation Gain or Loss & Goodwill, and allocated to to Old Partners ONLY according to their old P & L Ratio,and Compute the capital balances of the old partners after Revaluation before recording the admission.So before doing this entry (admission entry) don%u2019t forget to:1- Revaluate Assets (if any).2- Record G.W (if any): which is G.W. for the whole company = belong to old partners only by old ratio3- Then Calculate the new capital balances after previous steps.4- Finally, record admission entry54Admission Of New PartnerPurchaseThe New Partner Purchase part of the old partners%u2019 capitalinvestmentThe New partner Invests assets to the PartnershipPurchase