\( -3 \) -
30) Ganga and Yamuna were in partnership, sharing profits and losses in the ratio of \( 3: 2 \). Their Balance Sheet as on \( 31-03-2021 \) was as follows :
\begin{tabular}{|l|r|l|r|}
\hline \multicolumn{1}{|c|}{ Balance Sheet as on 31-03-2021 } \\
\hline \multicolumn{1}{|c|}{ Liabilities } & Amount & \multicolumn{1}{|c|}{ Assets } & \multicolumn{1}{|c|}{ Amount } \\
\hline Sundry Creditors & 60,000 & Cash at Bank & 12,000 \\
General Reserve & 18,000 & Sundry Debtors & 90,000 \\
Capital a/c : & & Stock & 36,000 \\
Ganga & 90,000 & Building & 60,000 \\
Yamuma & 30,000 & & \\
\cline { 2 } & \( 1,98,000 \) & & \( 1,98,000 \) \\
\hline
\end{tabular}
They admit Kaveri as a partner and offer \( 1 / 6^{\text {th }} \) share in the future profits.
a) Kaveri is to bring in Rs. 30,000 as her capital and Rs. 12,000 for Goodwill.
b) Goodwill amount is to be withdrawn by old partners. [as per AS-26]
c) For the purpose of admission, stock is to be valued at Rs. 45,000 and Buildings at Rs. 66,000 .
d) Rs. 3,000 for bad debts is thought to be necessary.
Prepare (a) Revaluation Account
(b) Capital Account and (c) Balance Sheet of the new firm.