The CDE partnership is being liquidated . After all liabilities have been paid and all assets sold , the balances of the partner 's capital accounts are as followa :cooley, Rs.42000 credit balance : the partners have share profits and losses : cooley , 10%: Dean , 60 % , emmett, 30%


(A) How should the available cash (the only remaining asset) be
distributed if it is impossible to determine at this date whether de the journal Entry to record payment of all Available cash at this time .

an will be able to pay the Rs. 16000 he owes the firm ? Draft the journal entry to record payment of all Available cash at this time .

Draft the Journal entries to record a subsequent partial payment of Rs.13000 to the firm by Dean , and the distribution of this cash . prepare a schedule (similar to the one prepared in part a ) showing computation of amount to be distributed to each partner ...


plzz guide me how i make liquidated account of partnership

thank..no rude answer plzz..

After all liabilities are settled and after all assets are liquidated, the remaining money is divided on the ownership percentage in absence of some other written agreement.