Question

Ramesh Mukesh and Mahesh Aaj equal partner their capital rupees 2,000 2250 and 2500 respectively. They admitted Shyam as a partner II as a partner upon payment in cash of rupees 1800 for 1/4 th share of goodwill and rupees 2,000 as his capital. the entire amount brought will remain in the business .the liabilities of the old firm amounts to rupees 3500 and the acids apart from cash rupees 1550 consist of motor Rupees 1500 furniture rupees 500 stock rupees 20 880 Rupees 3900 the motor and furniture evaluate at 1300 and 430 respectively
Prepare revaluation account partners capital account​

Answer 1

Answer:

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