\( 19,20,000 ; \) Cash Balance \( ₹ 5,45,000 \).
11. \( A \) and \( B \) are parmers in the firm sharing profit in the ratio of \( 3: 2 \). On \( 1^{\text {st }} \) April 2017 . They admit \( C \) in new firm for \( 1 / 5 \) share in profit. Their balance sheet was as follows:
C was admitted on the following terms: (i) \( C \) is to bring capital \( ₹ 40,000 \) and goodwill \( ₹ 15,000 \) (ii) Partners agreed to share the future profits in the ratio of \( 5: 2: 3 \) (iii) Investments will be appreciated by \( 20 \% \) and furniture depreciated by \( 10 \% \) (iv) One customer who owed the firm \( ₹ 2,000 \) becomes insolvent and nothing could be realised from him. (v) Creditors will be written off \( ₹ 2,000 \). (vi) Dutstanding bills for repairs \( ₹ 1,000 \) will be provided for. (vii) Interest accrued on investment \( ₹ 2,000 \). (viii) Capitals of the partner's shall be in proportion to their profits sharing ratio. For this, adjustment be made throug'i cash. Prepare Revaluation Account, Capital Accouliis and the Balance Sheet of new firm.
