Partnership Installment Liquidation - Schedule of Safe Payments (Part 1)

Learn the accounting for partnership liquidation using installment method (Schedule of safe payments)
Reference: Partnership and Corporation Accounting Made Easy by Mr. Win Ballada and Ms. Susan Ballada 2011 Issue- 15th Edition
#installmentliquidation #filipinoaccountingtutorial

[@TWOjesus]

this is a great vid because i dont even speak the language but it still helped me a lot. thank you

[@FilipinoAccountingTutorial]

Thank you, Tubbs. Im happy it helps! 🙂🫶

[@maurenedinglasan5364]

Thank you so much po dito. Malaking tulong po talaga. God bless po sa inyo 😇

[@FilipinoAccountingTutorial]

You're welcome Maurene!

[@bernardbonito6162]

Thank you for this, Sir!🤗

[@FilipinoAccountingTutorial]

Welcome Bernard ☺️

[@forshopee4365]

Ang galing po thanks sir mas mabilis ko po nagets 😍

[@FilipinoAccountingTutorial]

Thank you. Mag aral nang mabuti 🧡

[@pabloescobart1989]

thank you po! paano po kapag paid na liabilities and all nca are sold tapos ang ending cash po ay 24k pero wala na pong deficiencies among partners at mas matataas po ang total interest nila kaysa sa cash na natira. direstso distribute na po ba yung 24k based sa profit and loss ratio? at okay lang po ba na hindi equal and total interests nila sa natirang cash?

[@lilibethdeocampo1558]

Hi po! Pano po pag 2 yung deficient partner and then may 2 pang positive partner but not enough po yung balances nila to absorbed? Ano pong gagawin?

[@nicolebundang5827]

Paano po kapag may creditors paid in full and 20k were paid to partners???

[@kimdoyoung5363]

Pano po kung sa first month of realization eh hindi po nabayaran lahat ng liabilities kahit kayang bayaran nang cash?
Sabi po kasi sa first date of realization, 20% lang ng liabilities ang babayaran. So, isasali po ba siya sa schedule of safe payments? Thank you po.

[@hiddenstarwrites4250]

Hello po. Ask ko lang po if nakalagay sa problem na hati hati yung pagbabayad sa liab, example po 60% muna babayaran sa first month. Tapos kapag po nagkaroon ng available cash from sale of nca sa first month, iaallocate po ba muna lahat yun sa buong liab sa schedule of safe payments (bago iallocate yung remaining cash sa partners) kahit next month papo babayaran yung 40% and 60% lang yung binayaran?

[@lzsthehatdog8416]

Wala kaming nalesson nung second assumption na nagkaroon ng cash deficiency, buti nalang meron dito. Salamat po sa malinaw na turo.

[@FilipinoAccountingTutorial]

Walang anuman, LZS 🙂 Hope this video will help you. Mag aral nang mabuti ♥️

[@justvibew8gil15]

Sir! Paano po pag may Zero capital balances ang isang partners?

[@ved4604]

Sir paano po pag may liquidation expenses and cash withheld every period?

[@anz3234]

hi sir what if po ang cash is lesser than the liability?

[@rasniphabatabor8300]

Thank you sa update🤗

[@FilipinoAccountingTutorial]

You're welcome Rasnipha!

[@christine-el1hi]

What if po wlang beginning cash & nc balances?

[@rchllamplg5912]

Thank you so much po💓

[@FilipinoAccountingTutorial]

Welcome

[@lerioful]

Thank u very very very very much talaga u help me po

[@FilipinoAccountingTutorial]

You're welcome, Marissa 🙂 We're very very very very glad it help you ❤️ Mag aral nang mabuti 🙂

[@preciouscruz6722]

thank you po, sir!

[@FilipinoAccountingTutorial]

You're welcome Precious

[@hazeltan2019]

Bakit po binayaran niyo po yung loan ni B?

[@janelleannelaugos8924]

More viewers poo, thank you so much

[@FilipinoAccountingTutorial]

You're welcome Nelle. Hope this video will help ❤️

[@jessafrianela8198]

Cash priority program naman po sana next. Thank you po

[@FilipinoAccountingTutorial]

Hi Jessa! Cash priority program soon!

[@nahmie5012]

❤❤❤

[@jawwadibarreta9668]

Hi po! Halimbawa po may liquidation expense, deduct po ba sya sa cash at deduct din po ba sya sa capital?

[@FilipinoAccountingTutorial]

Hi Jawwad! Yes

[@jennymaeestioco2347]

Possible po bang hindi balance yung cash at tsaka yung nakuhang total balances sa schedule of payments?

[@FilipinoAccountingTutorial]

Yes. Dahil may instances na certain amount lang ang available for payment to partners.

[@jscal9137]

Part 2 pls

[@clairemanalastas318]

paano naman po kung may cash withheld dun sa amount na dapat expenses of realization?

[@FilipinoAccountingTutorial]

Yung cash withheld, kasama yan sa possible losses 🙂

[@descutidoianjay962]

Hi sir may I ask
Our accounting professor po taught us that payment of loan should be done during the final cash payment pero bakit po sa inyo is during 1st installment?

[@FilipinoAccountingTutorial]

Hello Ian. Ito ay based sa order of priority ng payment:
1. Payment of liabilities (third parties)
2. Payment to partners (apply to loan accounts first, then apply to capital accounts)
Liability din kasi ng partnership ang loan payable to partner. Hope it helps.

[@descutidoianjay962]

Turo po kasi kasi sa amin the differences between lump sum daw po and installment is that yung settlement of capital deficiency po and loan is done during the final cash payment
Anyway thank you po😊
I'll ask my proof po to clarify things

[@ronivanbalingit543]

Cash Priority Program next

[@kyleabad9004]

sana

[@allancontreras1506]

Paano po pagmay liquidation expense and may cash na nakatabi for next month para sa liquidtaion expense?

[@FilipinoAccountingTutorial]

Hello Allan! Icoconsider din ang anticipated liquidation expense as "possible loss", therefore icoconsider din yan sa pag computation sa schedule of safe payments. Hope it helps.

[@allancontreras1506]

@@FilipinoAccountingTutorial paano naman po yung cash withheld for next month liquidation expense?

[@elfielspectra3107]

what if there's only 3 companies, and 2 of them deficit, but the only one who didn't cannot fully compensate the deficit?

[@arnoldvarona1498]

Pano po kung sa given yung capital balnce ng isang partner ay nasa debit side?

[@FilipinoAccountingTutorial]

Eliminate yung deficit thru Right of offset, investment, or absorption ng loss of other partner.

[@arnoldvarona1498]

@@FilipinoAccountingTutorial thank you po

[@josselabejo3192]

time check: 7:45 am
exam namin mamaya: 9 am
ako lang ba🤭

[@FilipinoAccountingTutorial]

Haha. Good luck on your exam, jossel 🙂 Hoping for the best results! ♥️

[@kristinedianetaduran9504]

Pano po kapag may drawing account with credit balance po ?

[@FilipinoAccountingTutorial]

Hello Kristine. Add sa capital if credit balance ang drawing.

[@kristinedianetaduran9504]

@@FilipinoAccountingTutorial how about po kapag zero balance na po Yung capital Ng partner before distributing of cash and Yung other assets po zero balance na din ? Bale Wala napong theoretical loss?

[@lols4520]

sir pano po kapag negative balance pa rin yung sa schedule?

[@FilipinoAccountingTutorial]

Consider muna icheck. Baka may info sa problem na hindi naconsider ❤️

[@lols4520]

@@FilipinoAccountingTutorial eh sir pano naman po pag kulang yung cash para bayaran yung liabilities? Thank you po

[@angelajustinetelos2187]

Hi Sir! Does notes payable to a partner means loan to the partner? Anw, thankyou for this video po!

[@FilipinoAccountingTutorial]

Hello Angela. Yes, notes payable to partner is similar in loans payable to partner in nature. Provided na dapat ang partnership ang may utang sa partner. Hope it helps.

[@angelajustinetelos2187]

@@FilipinoAccountingTutorial It did! Thank you so much po.

[@purpleirishgailfrancisco4231]

Hello po Ma'am/Sir. Good day po! Ask ko lang po kung magkapareho lang po ung Schedule of Cash Payment and. Schedule of safe payment?
Thank you po!

[@FilipinoAccountingTutorial]

Hello Purple. First time ko mabasa yang schedule of cash payment. If almost same process naman yan sa kung ano ang nasa video, then magkapareho lang yan dalawa. Hope it helps.

[@purpleirishgailfrancisco4231]

@@FilipinoAccountingTutorial Thank you Sir. Big help po. Godbless.

[@FilipinoAccountingTutorial]

We're happy it helps Purple. Mag aral nang mabuti 💛

[@julienferrinevibas8247]

paano po kapag yung balance ng isang partner sa sched of safe
payments ay hindi kasya para macover yung loan at wala nang matitira para macover yung capital nito?
for example...
Partner A , 20 000 ang balance sa sched then di ba po uunahin yung loan. E ang loan ni A ay 80 000 at ang capital nito ay 540 000.
Ano po ang gagawin dito sa case na ito?

[@FilipinoAccountingTutorial]

20K balance sa schedule. First apply sa loan, then sa capital.
Loan will have balance of 60K
Capital still 540K

[@julienferrinevibas8247]

@@FilipinoAccountingTutorial thanks pi

[@julienferrinevibas8247]

@@FilipinoAccountingTutorial paano naman po kapag may isang partner na ang capital ay may debit balance?

[@erineunicemanalo3079]

Hi po. Paano po kapag nakaindicate sa problem na paid to partners?
For example:
In June, assets with a book value of 220,000 were sold for 180,000, creditors were paid in full and 20,000 was paid to partners?

[@FilipinoAccountingTutorial]

Kung sino ang partner na priority sa safe payments, sya ang unang babayaran.

[@erineunicemanalo3079]

@@FilipinoAccountingTutorial Paano po yun? Di ko po gets eh. 😅😅

[@FilipinoAccountingTutorial]

Icocompare mo yung mga amounts na nacompute sa safe payment schedule vs. 20,000.

[@erineunicemanalo3079]

@@FilipinoAccountingTutorial Thank you. 😊😊. Sana po gumawa po kayo ng video for Cash Priority Program. 😊😊

[@elyc7761]

@@FilipinoAccountingTutorial sana po gawan din niyo po ng video yung may indicated cash distributed to partners. Naguguluhan po kasi ako. Thank you!😊

[@salangadphoebegwynethl.-ab9820]

nasa ballpen po ata ang sagot para pumasa HAHAHAH emz. btw, ano po tatak ng ballpen? hahshhehe

[@FilipinoAccountingTutorial]

Hahahehe😆😆

[@adosdos7360]

Ano po messenger acct mo? Thanks

[@michaelapostol1600]

Sir pano po pag may recevable from partners tapos may maintaining cash?

[@hazeltan2019]

ayos michael kita kita AHAHAHAHA

[@michaelapostol1600]

@@hazeltan2019 HAHAHAHAHAHAHA sorry po