bhumi was admitted as a partner for 1/3rd share in the profit on 1st April 2019.on the following term: (1) bhumi to bring rs 60,000 as her capital and 20,000 as her share of goodwill.
2. provisions for bad doubtful dates will be made @5% on debtors
3. furniture and motor van is to be appreciate by 15% .
4. stock was valued at rs 52,000 and let buil8at rs 66,000 .
prepare revaluation account , partner capital account and Balancsheet of the new firm
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