Page 88 - 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 88 %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%u0629Exercise (1):The following Balance Sheet of ABC Partnership is given as follows:Cash 10,000 Salaries Payable (10 Months) 50,000Non Cash Assets 90,000 Accounts Payable 10,000Capital (A) 20,000Capital (B) 15,000Capital (C) 5,000If the partners agreed to liquidate the Company and they share P & L in ratio 30%, 30%, 40%:On 1/5 the Assets were sold for $55,000.On 1/6 the company paid liquidation expenses of $5,000.The creditors (A/P) give the company a discount of $3,000All partners are Solvent except Partner (C) whose Personal Assets $45,000 and Personal Liabilities $42,600 (he is solvent with Limit 45,000 %u2013 42,600 = 2,400)Required: Prepare the Liquidation Table (Statement).Exercise (2)following Balance Sheet of ABC Partnership is given as follows:Cash 45,000 Rent Payable (3 years) 36,000Non Cash Assets 800,000 Accounts Payable 139,000Capital (A) 265,000Capital (B) 245,000Capital (C) 160,000If the partners agreed to liquidate the Company and they share P & L in ratio 2, 3, 4On 1/5 the Assets were sold for $260,000. On 1/6 the company paid liquidation expenses $75,000.The partner (C) is limited, partners (A &B) are Insolvent.Required: Prepare the Liquidation Table (Statement).(3)Given the following balances after several steps of Liquidation:Balances Cash Non-Cash Preferred loan A B C200,000 -- -- 30,000 70,000 (50,000) 150,000The Profit and Loss ratio is 1:1:1 & All Partners are solvent. By the next step of Liquidation:a) Cash will increase by $50,000 and Capital (B) by $50,000b) Company will receive $50,000 Cash from Partner (B)c) Loan (B) will be debited by $30,000 and cash will be credited by $30,000d) Capital (A) & (C) will decrease by $25,000 each and Capital (B) will increase by $50,000 e) Cash Balance will be $250,000(4)Given the following balances after several steps of Liquidation:Balances Cash Non-Cash Preferred Ordinary A B C200,000 -- -- -- 70,000 (20,000) 150,000The Profit and Loss ratio is 1:1:1 & Partners (A & C) are solvent, but Partner (B) is Solvent with Limit $30,000. By the next step of Liquidation:a) Cash will increase by $20,000 and Capital (B) by $20,000b) Company will receive $20,000 Cash from Partner (B)c) Capital (A) & (C) will decrease by $25,000 each and Capital (B) will increase by $50,000 d) Cash Balance will be $250,00086