Page 80 - 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 80 %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%u0629As we see in the previous examples all partners%u2019 capital was situation sufficient to cover this loss (positive) so he wants money from the company, however there is other cases when the Capital Balance of any partner wasn't sufficient to cover this loss so it will become Negative. Negative Capital Balance (Capital Deficiency) means that the Company wants Money from the Partner%u2776%u02c7 %u2777%u02c7 %u2778%u02c7 %u2779%u02c7The assets were sold with Loss and one partner is limited %u02c7The company do not have enough money to pay the liabilities and all partners are Insolvent%u02c7(His Personal Assets < Personal Liabilities) %u2026. So he can't pay to cover his negative Capital Balance%u02c7(His Personal Assets > Personal Liabilities) %u2026. So, he can pay to cover his negative Capital Balance%u02c7If we have sufficient Cash to pay the Preferred & Ordinary Liabilities, so we have to neglect the Negative Capital Balances. But if we don't have sufficient Cash to pay the Preferred & Ordinary Liabilities, then we have to dealwith the Negative Capital Balances(His Personal Assets > Personal Liabilities) %u2026. So, he can pay to cover his negative Capital Balance%u02c7Example (1)The following Balance Sheet of ABC Partnership is given as follows:Cash 10,000 salaries Payable (5 months) 40,000Non Cash Assets 90,000 account Payable 6,000Capital (A) 32,000Capital (B) 10,000Capital (C) 12,000If the partners agreed to liquidate the Company and they share P & L in ratio 2:2:1. If you know that:On 1/5 the Non Cash Assets were sold for $20,000.On 1/6 the company paid liquidation expenses of $5,000.The Partners have the following Assets and Liabilities:Partners Personal Assets Personal LiabilitiesPartner (A) 200,000 50,000Partner (B) 100,000 40,000Partner (C) 40,000 35,000Required: Prepare the Liquidation Table (Statement)78Liquidation problems(general partner)