11. ' \( A \) ', 'B' and ' \( C \) ' are partners in a firm sharing profits and losses in the ratio of 4:3:3. Their Balance Sheet as on 31.03.2017 was as follows:
Balance Sheet as on 31.03.2017
On \( 01.04 .2017 \), they admit ' \( D \) ' into the partnership on the following terms:
a) 'D' brings \( ₹ 50,000 \) as his capital.
b) Goodwill Account is created for \( ₹ 64,000 \), brd, agreed to write off by all partners in their new profit sharing rationi.e. \( 6: 9: 9: 8 \).
c) Reduce stock by \( 10 \% \) and increase butidings to \( ₹ 69,000 \).
d) Provision for doubtful debts decreaseb by ₹ 2,000.
Prepare: i) Revaluation Account
ii) Partners' Capital Accounts \&.
iii) New Balance Sheet.of the new firm.
(Ans: Profit on Revaluafion Account ₹ 3,000, Partners Capital Account balance: \( A \) - ₹ \( 67,600, B-₹ 61,700, C-₹ 71,700, D-₹ 34,000, B a n k \) Account \( ₹ 67,000 \), Baiance Sheet total ₹ \( 3,43,000) \)
