Question

on 1-4-20 is admitted into partnership from the following terms. a. shabeer should bring ₹18000 as capital b. Goodwill of the firm is 6000 (As per AS -26].c. Stock & Buildings are to be increased by 5%each . d. PDD is to be increased to ₹ 1200. e. patents & Machinery are to be reduced by 20% 10% respectively .d. The Capital account of all the partners are adjusted in their new profit sharing ratio is 4:3:2 based on shabeer capital, adjustments to be made in Cash, prepare Revaluation Alo, partner's capital Alc and New balance sheet of the firm​

Answer 1

Answer:

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