Page 65 - 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 65 %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 (5)Partners (A & B) agreed to admit Partner (C) to their partnership for 25% interest in capital and P & L. Capital (A) is $100,000, Capital (B) is $200,000 and they have shared P & L Equally. Partner (C) invested Cash of $60,000. The partners agreed to record Goodwill to New Partner.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= (100,000 + 200,000) + 60,000= 360,0003- New Partner's ShareTotal Capital after %u2777 x new partner ratio= 360,000 x 25% = 90,0004- Admission Entrynew investment- New Partner's Share (3) The difference = 60,000 %u2013 90,000= (30,000)G.W. related to the new partner:= the difference x inverted ratio of old partner30,000 x (100/75) =40.000Will be recorded with the admission entryCash 60,000G. W 40,000 C%u2019s capital %uf0c7 100,000Example (6)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. They agree to revaluate Building, which was undervalued by $75,000, and the partners agreed to record Goodwill to the New Partner.Required: Prepare the Journal Entry (ies) to record the admission of Partner (C).1- Revaluate AssetsBuilding 75,000A%u2019s capital (75,000 x 1/2) 37,500B%u2019s capital (75,000 x 1/2) 37,5002- Total Capital after AdmissionOld capital + revaluation+ new investment= (100,000 + 200,000) + 75,000+ 100,000= 475,0003- New Partner's ShareTotal Capital after %u2777 x new partner ratio= 475,000 x 25% = 118,7504- Admission Entrynew investment- New Partner's Share (3) The difference = 100,000 %u2013 118,750= (18,750)G.W. related to the new partner:= the difference x inverted ratio of old partner18,750 x (100/75) =25.000Will be recorded with the admission entryCash 100,000G. W 25,000 C%u2019s capital %uf0c7 125,000New partner ratio is 25% so the old is the remainder (1- 25%) = 75%.63New partner ratio is 25% so the old is the remainder (1- 25%) = 75%.