Page 96 - 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 96 %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 (2)The following Balance Sheet of ABC Partnership is given as follows:Cash 15,000 salaries Payable (5 months) 15,000Non Cash Assets 305,000 account Payable 60,000Capital (A) 72,000Capital (B) 123,000Capital (C) 50,000If the partners agreed to liquidate the Company and distribute All Cash on hand except for a $10,000 contingency balance and they share P & L in ratio 2:2:1. If you know the assets with a book value of $105,000 is sold for $77,000. And the Liquidation expenses is $2,000 Required: Prepare the Liquidation Table (Statement).The Liquidation Table (Statement) January.Title Assets Liabilities CapitalCash Non-Cash preferred ordinary A 2 B 2 C 1Balances 15,000 305,000 15,000 60,000 72,000 123,000 50,0001) Selling Non-Cash 77,000 (105,000) (11,200) (11,200) (5,800)Balances 92,000 200,000 15,000 60,000 60,800 111,800 44,4002) Paying Liquid. Exp. (2,000) (800) (800) (400)Balances 90,000 200,000 15,000 60,000 60,000 111,000 44,0003) Paying Preferred (15,000) (15,000)Balances 75,000 200,000 0 60,000 60,000 111,000 44,0004) Paying Ordinary (60,000) (60,000)Balances 15,000 200,000 0 0 60,000 111,000 44,0005) First payment (table) (5,000) (5,000)Balances 10,000 200,000 0 0 60,000 106,000 44,000Title CapitalA 2 B 2 C 1Balances 60,000 111,000 44,000Assumed losses(non-cash assets) 200,000 +Contingent cash 10,000 = 210,000(84,000) (84,000) (42,000)Balances (24,000) 27,000 2,000Allocate Partner (A) loss to (B & C) by their ratio (2 : 1) 24000 (16,000) (8,000)Balances 0 11,000 (6,000)Allocate Partner (C) loss to (B) (6,000) 6000Safe Payments 0 5,000 094The cash balance after payment is the required Contingent cash 10,000