Question

Ramesh, Mukesh and Mahesh are equal partners .their capitals were Rs.2000, Rs. 2250 and Rs.2500 respectively. They admitted Mhyam as a partner upon payment in cash Rs.1800 for ¼ share of goodwill and Rs.2000 as his capital .the entire amount brought will remain i. the liabilities of the old firm amounts to Rs.3500 and the assets apart from cashRs.1550 consist of motor Rs.1500 consist of motor Rs.1500 furniture Rs.500 ; stock Rs.2800 and debtors Rs.3900 the motor and furniture were revalued Rs.1300 and Rs.430 respectively. Prepare Revaluation A/C and capital a/c and new firm’s Balance Sheet . ​

Answer 1

Answer:

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Explanation:

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