Page 58 - 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 58 %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 (2)A & B are two partners in Partnership and they agreed to admit Partner C to their partnership. Partner C is to purchase 25% of the Total Capital from Partners (A & B) for $125,000. If the Capital Balances of A & B before admission were $400,000 ($100,000 to A and $300,000 to B) and they were sharing Profit & Loss equally. The partners agreed to Revaluate the assets and they discovered that Building was Undervalued by $70,000 and Unrecorded Goodwill of $30,000.Required: 1- Prepare the Journal Entry (ies) to record the admission of Partner (C) & Compute the New Capital Balances of each partner after the admission of Partner (C).2- Compute the new Profit & Loss Ratio after the admission of Partner (C).1) record the admission1- Revaluate AssetsLand 70,000A%u2019s capital (70,000 x 1/2) 35,000B%u2019s capital (70,000 x 1/2) 35,0002- G.W.G.W. 30,000A%u2019s capital (30,000 x 1/2) 15,000B%u2019s capital (30,000 x 1/2) 15,0003- New capitalA B TOTALBefore 100,000 300,0000 400,000(1) 35000 35000(2) 15000 15000 -After 150,000 350,000 500,0003-Admission Entry(according to the balance after revaluation)A%u2019s capital ( 150,000 %u00d7 25%) %uf0c8 37,500B%u2019s capital) (350,000 %u00d7 25%)%uf0c8 87,500C%u2019s capital %uf0c7 125,0002-Capital Balances after Admission: A B C TOTALBefore 150,000 350,0000 0 500,000%u00b1 Admission (37,500) (87,500) 125,000After 112,500 262,500 125,000 500,0003- New Profit & Loss Ratio:56The Remainder (75%) is allocated to (A & B) by their ratio 1:1 C (25%)A (37.5%) B (37.5%)=