Page 61 - 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 61 %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%u0629Exercise (1):A & B are 2 partners and they agreed to admit C to their P.Sh. C is to purchase 25% of the total capital from A & B for $125000. If the capital balances of A & B before admission were $400,000 ($100,000 to A and 300,000 to be) and they were sharing the P&L equally.If the partners agreed to evaluate the assets and they discovered that; buildings were undervalued by 140,000 and unrecorded G.W. of 60,000.Required:(1) Prepare the journal entry (ies) to record the admission of C and compute the balance after admission.(2) compute the P&L ratio after admissionExercise (2)A & B Are partners In P.S. , they share profit and loss equally and their capital balances are 120,000 and 80,000 respectively, they agreed on admitting C to their P.Sh. by selling to him 25% of the capital and Profit & loss in a private transaction and he paid 60,000 to them.Required: 1- Prepare the Journal entry to record the admission of C.2- Compute the new P&L ratio after the admission.Exercise (3)A & B Are partners In P.S. , they share profit and loss in ratio (2:1) and their capital balances are 120,000 and 80,000 respectively, they agreed on admitting C to their P.Sh. by selling to him 25% of the capital and Profit & loss. He paid 65,000 to them. Knowing that, they agree to revalue assets and they discovered that land was overvalued by 10,000 and G.W. of 70,000 should be recorded related to the old partners. Required: 1- Prepare the Journal entry(ies) to record the admission of C.2- Compute the new P&L ratio after the admission.Exercise (4)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 $80,000.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).