Page 60 - 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 60 %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 (4)A & B are two partners in Partnership. They share Profit & Losses in ratio 2:1 and their Capital Balances are $100,000 and $80,000 respectively. They agreed on admitting Partner C to their partnership by selling to him 25% of their capital balances and Profit & Losses in a private transaction and he paid $65,000 to them. The partners agreed to Revaluate their assets and discovered that Land was Overvalued by $15,000 and unrecorded Goodwill by $60,000.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 AssetsA%u2019s capital (15,000 x 2/3) 10,000B%u2019s capital (15,000 x 1/3) 5,000Land %uf0c8 15,0002- G.W.G.W. 60,000A%u2019s capital (60,000 x 2/3) 40,000B%u2019s capital (60,000 x 1/3) 20,0003- New capitalA B TOTALBefore 100,000 80,0000 200,000(1) (10.000) (5000)(2) 40,000 20,000 -After 130,000 95,000 225,0003-Admission Entry(according to the balance after revaluation)A%u2019s capital ( 130,000 %u00d7 25%) %uf0c8 32,500B%u2019s capital) (95,000 %u00d7 25%)%uf0c8 23,750C%u2019s capital %uf0c7 56,7502-Capital Balances after Admission: A B C TOTALBefore 130,000 95,0000 0 225,000%u00b1 Admission (32,500) (23,750) 56,750After 97,500 71,250 56,750 225,0003- New Profit & Loss Ratio:58=The Remainder (75%) is allocated to (A & B) by their ratio 2:1C (25%)A (50%) B (25%)75% %u00d7 2375% %u00d7 13