1) C brings proportionate cap. He brings 7000 as g/w. 2) debtors are good. 3) depriciate stock@5% and furniture@10%. 4) an o/s bill for repairs of 1000 will be brought in the books. 5) half of investments taken by A and B in PSR. 6) bank loan is paid off. 7) partners NEW PSR is 3;3;2. PREPARE REVALUATION a/c, PARTNERS CAPITAL a/c, BALANCE SHEET.

1) C brings proportionate cap. He brings 7000 as g/w. 2) debtors are good. 3) depriciate stock@5% and furniture@10%. 4) an o/s bill for repairs of 1000 will be brought in the books. 5) half of investments taken by A and B in PSR. 6) bank loan is paid off. 7) partners NEW PSR is 3;3;2. PREPARE REVALUATION a/c, PARTNERS CAPITAL a/c, BALANCE SHEET. (ni) Make a 'rovision A liability for claim, included in Creditors for CIO,OOO, is settled at The amount to be paid to X by Y and Z in such a way that their Capitals are to their prx'fil sharing ratio and leave a balance of C 15,000 in the Bank Account. Prepare the Revaluation Account and Partners' Capital Accounts. Or 8 A and B were partners in a firm sharing profits in the ratio of 3 : 2. Their Balance Sheet as on 3/ March, 2018 stood as under: C-vtal Alcs Reserve Bank Loan 35.000 30,000 65,000 10.000 9,000 36.000 1.20,ooo Assets Mach tnery Furniture Investments Stæk Debtors 19.Ü Less Provision for Doubtm Debts 2.000 33.000 20.0m 17m 12.000 On that date the,' admitted C into partnership for 114th share in profit tlu• following terms: p- 14 • OAS

Dear Student




Working note
Calculation of Sacrifice / Gain
  A B C
Old PSR  3/5  2/5  
New PSR  3/8  3/8  1/4
               9/40          1/40  
  Sacrifice Sacrifice  

Sacrifice Ratio = 9:1

A and B 's Capital after adjustments = 34310+26040 = 60350
C's Share = 1/4
Remaining = 1-1/4 = 3/4
Firm's Capital = 60350*4/3 = 80467
C's Share = 80467 * 1/4 = 20117



Regards

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