Page 84 - 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 84 %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%u0629The company do not have enough money to pay the liabilities and all partners are InsolventIn this case there is no enough moey to pay the liabilities and all or some partner have negative capital, and all partner are Insolovent (no one has enough money to pay the company liabilities) We pay only part of our liabilities and allocate the unpaid to partners as gains and we calclate Available cash to Liabilities = Example (3)following Balance Sheet of ABC Partnership is given as follows:Cash 60,000 Salaries Payable (5 Months) 85,000Non Cash Assets 930,000 Accounts Payable 125,000Capital (A) 450,000Capital (B) 210,000Capital (C) 120,000If the partners agreed to liquidate the Company and they share P & L in ratio 5, 3 2On 1/5 the Assets were sold for $130,000. On 1/6 the company paid liquidation expenses $50,000.All partners are Insolvent Required: Prepare the Liquidation Table (Statement).the Liquidation Table (Statement).TitleAssets Liabilities CapitalCash Non-Cash preferred ordinary A 5B 3C 2Balances 60,000 930,000 85,000 125,000 450,000 210,000 120,000a) Selling Non-Cash 130,000 (930,000) (400,000) (240,000) (160,000)Balances 190,000 0 85,000 125,000 50,000 (30,000) (40,000)b) Paying Liquid. Exp. (50,000) (25,000) (15,000) (10,000)Balances 140,000 0 85,000 125,000 25,000 (45,000) (50,000)c) Paying Preferred (85,000) (85,000)Balances 55,000 0 0 125,000 25,000 (45,000) (50,000)4. Paying part of Ordinary (55,000) (55,000)Balances 0 0 0 70,000 25,000 (45,000) (50,000)5. Allocating the unpaid ordinary to Partners) (70,000) 35,000 21,000 14,000Balances 0 0 0 0 60,000 (24,000) (36,000)6. allocating Loss (B&C) to A0 (60,000) 24,000 36,000Balance 0 0 0 0 0 0 0Remaining cashUnpaid liabilities82