Page 64 - 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 64 %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 (3)Partners (A & B) agreed to admit Partner (C) to their partnership for 25% interest in capital and P & L. Capital (A) is $200,000, Capital (B) is $300,000 and they have shared P & L Equally. Partner (C) invested Cash of $200,000. The partners agreed to record Goodwill to Old Partners.Required: Prepare the Journal Entry (ies) to record the admission of Partner (C).1- Revaluate AssetsThere is no evaluation2- Total Capital after AdmissionOld capital + new investment= (200,000 + 300,000) + 200,000= 700,0003- New Partner's ShareTotal Capital after %u2777 x new partner ratio= 700,000 x 25% = 175,0004- Admission Entrynew investment- New Partner's Share (3) The difference = 200,000 %u2013 175,000= +25,000There is G.W. to old partners = the difference x inverted ratio of new partner25,000 x (100/25) =100.000G. W 100,000A%u2019s capital (100,000 x 1/2) 50,000B%u2019s capital (100,000 x 1/2) 50,000Admission Entry (his investment)Cash 200,000 C%u2019s capital %uf0c7 200,000Example (4)A & B have Capital Balances of $100,000 and $200,000. They share Profit & Loss Equally. They agreed to admit Partner C to the partnership. Partner (C) invests Cash of $100,000 to receive 25% share in the Capital of the New Company. The Land of the Old Partnership is overvalued by $20,000, and the partners agreed to record Goodwill to Old Partners.Required: Prepare the Journal Entry (ies) to record the admission of Partner (C).1- Revaluate AssetsA%u2019s capital (20,000 x 2/2) 10,000B%u2019s capital (20,000 x 1/2) 10,000Land %uf0c8 20,0002- Total Capital after AdmissionOld capital - revaluation+ new investment= (100,000 + 200,000)- 20,000+ 100,000= 380,0003- New Partner's ShareTotal Capital after %u2777 x new partner ratio= 380,000 x 25% = 95,0004- Admission EntryThe difference = 100,000 %u2013 95,000= +5,000There is G.W. to old partners = 5,000 x (100/25) =20.000G. W 20,000A%u2019s capital (20,000 x 1/2) 10,000B%u2019s capital (20,000 x 1/2) 10,000Admission Entry (his investment)Cash 100,000 C%u2019s capital %uf0c7 100,000His investment not the calculated share62