Q1O1 \( * * A \) and \( B \) are partners in a firm sharing profits in the ratio of \( 3: 2 \). They admit \( C \) as a partner on \( 1^{\text {st }} April , 2021 \) on which date the \( b / s \) of the firm was:
\begin{tabular}{|lr|r|l|r|}
\hline \multicolumn{2}{|c|}{ Liabilities } & \multicolumn{1}{|c|}{ Amount (₹) } & \multicolumn{1}{|c|}{ Assets } & Amount (₹) \\
\hline Capital a/c & & & Building & 50,000 \\
A & 60,000 & & Plant and Machinery & 30,000 \\
B & 40,000 & \( 1,00,000 \) & Stock & 20,000 \\
Creditors & & 20,000 & Debtors & 10,000 \\
& & Bank & 10,000 \\
\cline { 4 - 5 } & & \( 1,20,000 \) & & \( 1,20,000 \) \\
\hline
\end{tabular}
You are required to prepare the revaluation \( a / c \); partners capital \( a / c \) and new opening \( b / s \) after considering the following:
(a) C brings \( ₹ 30,000 \) as capital for \( 1 / 4^{\text {th }} \) share. He also brings \( ₹ 10,000 \) for his share of goodwill.
(b) Part of the stock which had been included at cost \( ₹ 2,000 \) had been badly damaged in storage and could only expect to realise \( ₹ 400 \).
(c) Bank charges had been overlooked and amounted to \( ₹ 200 \) for the year \( 2020-21 \).
(d) Depreciation on building of \( ₹ 3000 \) had been omitted for the year 2020-21.
(e) A credit for goods for ₹800 had been omitted from both purchase and creditors although the goods had been correctly included in stock.
(f) An expenses of ₹ 1,200 for insurance premium was debited in the profit and loss account of \( 2020-21 \) but \( ₹ 600 \) of this are related to the period after \( 31^{\text {st }} \) March 2021 .
(g) Pooja, an old customer \( ₹ 3,0000 \) whose account was written off as bad debt last year, now she has promised to pay \( ₹ 2000 \) out of her dues.
[Revaluation (Loss) \( =₹ 5,000 ; P^{\prime} s \) Capital \( \left.A / C=A-63,000, B-42,000, C-30,000 ; B / s-1,55,800\right] \)
