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Assuming that A , B , and C are partners in a general partnership, sharing profits and losses at a ratio of 1 : 2
Assuming that A B and C are partners in a general partnership, sharing profits and losses at a ratio of :: respectively, and due to the occurrence of large losses, the partners decided to liquidate the company gradually on Do the following Assume the figures stated in the company's balance sheet for the period ending In light of the assumed figures, it was decided to appoint partner B to carry out the liquidation for a fee of riyals, and other liquidation expenses amounted to riyals. The liquidation resulted in the following: Cars were sold for riyals Goods were sold for riyals. An amount of riyals was collected from the debtors and the remainder was considered a bad debt. Furniture was purchased by partner C for riyals, which was deducted from his rights in the company. The company's debts have been paid Referring to the information in the previous paragraph and the assumed budget, prove the daily entries necessary for the liquidation procedures? Photograph the liquidation account and the partners' capital account.
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