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                                    %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 75 %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)The following Balance Sheet of ABC Partnership is given as follows:Cash 20,000 Liabilities 120,000 ?????Non-Cash Assets 200,000 Capital (A) 25,000Capital (B) 35,000Capital (C) 40,000If the partners agreed to liquidate the Company and they share P & L in ratio 30%, 30%, 40%. If you know that: The Liquidator sold Non-Cash assets for $170,000, knowing that these assets included Land of B.V $50,000 and sold for $30,000.The company paid liquidation expenses of $10,000.The Liabilities included Secured Loan of $50,000 guaranteed by the Land.Required: 1- Prepare the Liquidation Table (Statement). 2- Prepare the Liquidation Entries .Preparing balancesSecured Loan is preferred within the Selling Price of Land:Total Secured Loan (50,000) < Selling Price of Land (30,000)Preferred Secured Loan = 30,000 Ordinary Secured Loan =50,000 - 30,000 = 20,000%u2022 Preferred Liabilities = Preferred Secured Loan = 30,000%u2022 Ordinary Liabilities = Total Liabilities - Preferred = 120,000 - 30,000 = 90,000%u2022 1- The Liquidation Table (Statement).TitleAssets Liabilities CapitalCash Non-Cash preferred ordinary A 3B 3C 4Balances 20,000 200,000 30,000 90,000 25,000 35,000 40,0001) Selling Non-Cash 170,000 (200,000) (9,000) (9,000) (12,000)Balances 190,000 0 30,000 90,000 16,000 26,000 28,0002) Paying Liquid. Exp. (10,000) (3,000) (3,000) (4,000)Balances 180,000 0 30,000 90,000 13,000 23,000 24,0003) Paying Preferred (30,000) (30,000)Balances 150,000 0 0 90,000 13,000 23,000 24,0004) Paying Ordinary (90,000) (90,000)Balances 60,000 0 0 0 13,000 23,000 24,000 5) Paying Capital (60,000) (13,000) (23,000) (24,000)Balance 0 0 0 0 0 0 073
                                
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