# Q. $1, A, B$ and $C$ were Partners Sharing Profits in the Proportions of $1 / 2,1 / 3$ and $1 / 6$ respectively. The Balance Sheet of the firm on $31^{\text {st }}$ March 1998 was as follows: Cretired on the above data on the following terms: i. Goodwill of the firm was valued at Rs. 27,000 , but it was not remain in the books of the new firm. ii. Value of the patents was to be reduced by $20 \%$ and that of Plant and Machinery by $10 \%$. iii. Provision for doubt ful debts was to be raised to $6 \%$. iv C&#39;too&#39; over Investment at a value of Rs. 15,800 . v. Liability on account of Provident Fund was only Rs. 2,500 . Show the necessary Journal Entry for the treatment of voodwill prepare revaluation account, Capital accounts of the Partners and the Bala

Q. $1, A, B$ and $C$ were Partners Sharing Profits in the Proportions of $1 / 2,1 / 3$ and $1 / 6$ respectively. The Balance Sheet of the firm on $31^{\text {st }}$ March 1998 was as follows: Cretired on the above data on the following terms: i. Goodwill of the firm was valued at Rs. 27,000 , but it was not remain in the books of the new firm. ii. Value of the patents was to be reduced by $20 \%$ and that of Plant and Machinery by $10 \%$. iii. Provision for doubt ful debts was to be raised to $6 \%$. iv C'too' over Investment at a value of Rs. 15,800 . v. Liability on account of Provident Fund was only Rs. 2,500 . Show the necessary Journal Entry for the treatment of voodwill prepare revaluation account, Capital accounts of the Partners and the Balance sheet of $A$ and $B$ after $C$ 's retirement.