Question

Meena and Seema were partners in a firm . They admitted Anshita as a new partner . On her admission it was agreed that Stock should be depreciated by Rs 2,000; Plant and Machinery by 20%(Book value Rs 80,000); Rs 5,000 should be written off as Bad Debts and Land and building should be appreciated by 25%( Book value Rs 2,00,000). What will be the profit on Revaluation A/c?​

Answer 1

i donot understand what yoy are asking.