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The document shows the liquidation of a partnership. It provides the balances of cash, non-current assets (NCA), and liabilities at various stages of liquidation. It then shows the distribution of funds to partners Limin, Parducho, and Calingasan according to their profit/loss sharing ratios of 5:3:2. Funds are first used to pay off liabilities. Remaining cash is then distributed to partners in installments until all assets have been liquidated and all capital and loans are repaid.

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Meldred Ecat
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852 views

Far Quiz

The document shows the liquidation of a partnership. It provides the balances of cash, non-current assets (NCA), and liabilities at various stages of liquidation. It then shows the distribution of funds to partners Limin, Parducho, and Calingasan according to their profit/loss sharing ratios of 5:3:2. Funds are first used to pay off liabilities. Remaining cash is then distributed to partners in installments until all assets have been liquidated and all capital and loans are repaid.

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Meldred Ecat
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© © All Rights Reserved
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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CASH NCA LIABILITIES

P/L RATIO
BALANCE BEFORE LIQUIDATON 400,000 2,100,000 600,000
SALE OF NCA 900,000 -1200000
LOSS ON REALIZATION
BALANCES 1,300,000 900,000 600,000
LIQUIDATION EXPENSE -20,000
BALANCES 1,280,000 900,000 600,000
PAYMENT OF LIABILITIES -600,000 -600000
BALANCES 680,000 900,000 0
1ST- INSTALLMENT TO PARTNERS -680,000
BALANCES 0 900,000
SALE OF NCA 550,000 -900,000
LOSS ON REALIZATION
BALANCES 550,000 0
PAYMENT OF LOAN FROM LIMIN
BALANCES 550,000
PAYMENT TO PARTNERS -550,000
BALANCES 0

1ST INSTALLMENT LIMIN,PARDUCHO,CALINGASAN


STATEMENT OF SAFE PAYMENTS

LIMIN PARDUCHO
CASH BALANCES B4 DISTRIBUTION OF CASH 240000 624,000
LOAN BALANCE 80,000
PARTNERS' TOTAL INTEREST 320,000 624,000
RESTRICTED INTERESTS- 900,000 -450,000 -270,000
BALANCES -130,000 354,000
RESTRICTED INTERESTS- 130,000 130,000 -78,000
FREE INTERESTS- AMOUNT TO BE PAID TO PARTNERS 0 276,000

2ND INSTALLMENT LIMIN,PARDUCHO,CALINGASAN


STATEMENT OF SAFE PAYMENTS

LIMIN PARDUCHO
CASH BALANCES B4 DISTRIBUTION OF CASH 65,000 243,000
LOAN BALANCE 80,000.00
PARTNERS' TOTAL INTEREST 145,000 243,000
RESTRICTED INTERESTS
BALANCES
RESTRICTED INTERESTS
FREE INTERESTS- AMOUNT TO BE PAID TO PARTNERS 145,000 243,000

LIMIN,PARDUCHO,CALINGASAN
CASH PRIORITY PROGRAM
JANUARY-FEBRUARY 2022
LIMIN PARDUCHO
CAPITAL BALANCES 400,000 720,000
ADD: LOAN BALANCES 80,000
PARTNERS' TOTAL INTERESTS 480,000 720,000
DIVIDE BY: P/L RATIO 5 3
LOSS ABSORPTION LOSSES 960,000 2,400,000
PRIORITY 1: TO CALINGASAN
960,000 2,400,000
PRIORITY 2 TO PARDUCHO& CALINGASAN -1,440,000
960,000 960,000

CASH NCA LIABILITIES


P/L RATIO
BALANCE BEFORE LIQUIDATON 400,000 2,100,000 600,000
SALE OF NCA 900,000 -1200000
LOSS ON REALIZATION
BALANCES 1,300,000 900,000 600,000
LIQUIDATION EXPENSE -20,000
BALANCES 1,280,000 900,000 600,000
PAYMENT OF LIABILITIES -600,000 -600000
BALANCES 680,000 900,000 0
1ST PAYMENT -680,000
BALANCES 0
SALE OF NCA 550,000 -900,000
LOSS ON REALIZATION
BALANCES 550,000 0
PAYMENT OF LOAN FROM LIMIN
BALANCES 550,000
PAYMENT TO PARTNERS -550,000
BALANCES 0
LIMIN,LOAN LIMIN,CAPITAL PARDUCHO,CAPITAL CALINGASAN,CAPITAL
5 3 2
80,000 400,000 720,000 700,000

-150,000 -90,000 -60,000


80,000 250,000 630,000 640,000
-10,000 -6,000 -4,000
80,000 240,000 624,000 636,000

80,000 240,000 624,000 636,000


-276,000 -404,000
80,000 240,000 348,000 232,000

-175,000 -105,000 -70,000


80,000 65,000 243,000 162,000
-80,000 80,000
0 145,000 243,000 162,000
-145,000 -243,000 -162,000
0 0 0

MIN,PARDUCHO,CALINGASAN
ATEMENT OF SAFE PAYMENTS

CALINGASAN
636,000

636,000
-180,000
456,000
-52,000
404,000

MIN,PARDUCHO,CALINGASAN
ATEMENT OF SAFE PAYMENTS

CALINGASAN
162,000
162,000

162,000

MIN,PARDUCHO,CALINGASAN
CASH PRIORITY PROGRAM
JANUARY-FEBRUARY 2022 CASH PRIORITY PAYMENTS TO
CALINGASAN LIMIN PARDUCHO CALINGASAN
700,000

700,000
2
3,500,000
-1,100,000 220,000
2,400,000
-1,440,000 432,000 288,000
960,000 0 432,000 508,000
680,000-220,000 -156,000 -104,000
460,000 276,000 404,000
260,000 TO BE USED NEXT PAYMENT
LIMIN,LOAN LIMIN,CAPITAL PARDUCHO,CAPITAL CALINGASAN,CAPITAL
5 3 2
80,000 400,000 720,000 700,000

-150,000 -90,000 -60,000


80,000 250,000 630,000 640,000
-10,000 -6,000 -4,000
80,000 240,000 624,000 636,000

80,000 240,000 624,000 636,000


-276,000 -404,000
348,000 232,000

-175,000 -105,000 -70,000


80,000 65,000 243,000 162,000
-80,000 80,000
0 145,000 243,000 162,000
-145,000 -243,000 -162,000
0 0 0
LEGENDS
RED- JOURNAL ENTRIES
CASH PRIORITY PAYMENTS TO
LIMIN PARDUCHO
PRIORITY 2 BALANCE OF 260,000

PARDUCHO: 260,000 x 3/5 156,000


CALINGASAN 260,000 x 2/5

PRIORITY 3: TO ALL PARTNERS 5:3:2 RATIO

LIMIN: 290,000 x 5/10 145,000


PARDUCHO290,000 x 3/10 87,000
CALINGASAN 290,000 x 2/ 10
TOTAL 145,000 243,000
AYMENTS TO
CALINGASAN TOTAL
260,000

104,000

290,000

58,000
162,000 550,000

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