Page 72 - 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 72 %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%u0629(1): Sale of Non- Cash Assets with Loss: cash (+) with the price 80,000 & the Non- Cash (-) with B.v. 90,000 &the difference 10,000 (-) Capital by Ratios (2:2:1)(2)Paying Liquidation Expenses cash (-) 5,000 & (-) Capital as a loss by Ratios (2:2:1)(3) Paying preferrred Liabilities cash (-) 40,000 & Liabilities (-) 40,000(4) Paying ordinary Liabilities cash (-) 6,000 & Liabilities (-) 6,000(5) Paying Capital to Partners cash (-) 39,000 & capial (-) 39,000There will by one entry for each step (line) as follo1) Sale of Non-Cash Assets with LossCash (Selling Price) %uf0c7 80,000Capital (A) %uf0c8 4,000Capital (B) %uf0c8 4,000Capital (C) %uf0c8 2,000 Non-Cash Assets (Book Value) %uf0c8 90,000If the sell with gainsCash (Selling Price) %uf0c7 XX Non-Cash Assets) %uf0c8 XX Capital (A) %uf0c7 XX Capital (B) %uf0c7 XX Capital (C) %uf0c7 XX2) Paying Liquidation ExpensesCapital (A) %uf0c8 2,000Capital (B) %uf0c8 2,000Capital (C) %uf0c8 1,000 Cash %uf0c8 5,0003) Paying preferred Liabilities Salaries Payable %uf0c8 40,000 cash %uf0c8 40,0004) Paying ordinary Liabilities Accounts Payable %uf0c8 6,000 cash %uf0c8 6,000 1)5) Paying capitalsCapital (A) %uf0c8 23,000Capital (B) %uf0c8 8,000Capital (C) %uf0c8 5,000 Cash %uf0c8 36,000 2)In each step the equation must remain balanced (the two sides equal) for example in the first step The assets increased by (+ 80,000 & decreased by -90,000) that%u2019s mean we decreased with 10,000 Then we decreased the other side with the same amount 10,000Second: Liquidation Entries70