FIRMA Maju Continues to divide Profit and Loss in a ratio of 3: 2: 1. On September 20, 2021 FIRMA Maju continues to be liquidated and all accounts (estimated) are closed with the following balances;
Asset
Cash Rp. 5,000,000
Accounts Receivable 15,000,000
Inventory 18,000,000
Equipment 35,000,000
Accumulated depreciation (8,000,000)
Total Assets 65,000,000
Liabilities and Equity
Notes Paying Rp. 15,000,000
Accounts payable 16,000,000
Mr A's Capital 15,000,000
Mr B's capital 17,500,000
Mr Capital C 1,500,000
Total Liabilities and Capital 65,000,000
Asked:
Make a statement on the liquidation of FIRMA Forward as of September 30, 2021

Answer rating: 100% (QA)

FIRMA MAJU STATEMENT OF LIQUIDATION FOR PERIOD ENDING SE... View the full answer