15. 'A' and 'B' are partners in a firm sharing profits and losses in the ratio of \( 3: 2 \). Their balance sheet as on \( 31.03 .2020 \) was as follows. Balance Sheet as on \( 31.03 .2020 \) )n \( 01.04 .2020,{ }^{\circ} C ^{\prime} \) is admitted into the partnership on the following terms: the future profits. b) Depreciate furniture by \( 10 \% \) and appreciate buildings by \( 20 \% \). c) Provision for doubtful debts is no longer necessary. d) Provide ই 1,000 for repair charges. e) Goodwill is to be withdrawn by the Old Partners. (as per AS26) Prepare: i) Revaluation Account ii) Partners' Capital Accounts \& iii) Balance Sheet of the firm after admission.

Question

15. 'A' and 'B' are partners in a firm sharing profits and losses in the ratio of \( 3: 2 \). Their balance sheet as on \( 31.03 .2020 \) was as follows. Balance Sheet as on \( 31.03 .2020 \) )n \( 01.04 .2020,{ }^{\circ} C ^{\prime} \) is admitted into the partnership on the following terms: the future profits. b) Depreciate furniture by \( 10 \% \) and appreciate buildings by \( 20 \% \). c) Provision for doubtful debts is no longer necessary. d) Provide ই 1,000 for repair charges. e) Goodwill is to be withdrawn by the Old Partners. (as per AS26) Prepare: i) Revaluation Account ii) Partners' Capital Accounts \& iii) Balance Sheet of the firm after admission.