When establishing a partnership company, the partner Firas presented the following assets and liabilities for his share
Question:
When establishing a partnership company, the partner Firas presented the following assets and liabilities for his share in the capital:
1000 dinars for merchandise, 1500 dinars for furniture, 500 dinars for payment papers, 500 dinars for the fund, 200 dinars for the bank, 200 dinars for creditors, and it was agreed to consider the difference in the value of The assets provided by Firas Shahra are valued at 500 dinars, and the share of the partner Firas from the capital of the joint liability company is 20%. The two partners, Sami and Yasser, presented their shares in cash, and the two partners, Mustafa and Faisal, presented their shares by check. The share of the two partners, Sami and Yasser, amounted to 20% of the capital of the solidarity company. The share of partner Sami was 50% of the share of partner Firas in the company’s capital, the rest of the company’s capital. Distributed equally between the two partners, Mustafa and Faisal. In light of the above data, the balance of the fund in the balance sheet of the solidarity company after the partners have submitted their shares in the capital is (2 points) *
Advanced Accounting
ISBN: 978-0077431808
10th edition
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik