Rajesh & Rakesh where partners sharing Profit & Joy is the ratio of 3:2. There balance sheet as on" as follows. 31/3/201
Babara sheet
Liability
Greditors
4000
Capitals Rajesh
Rokesh
4/500
30000
16000
25.000
23,500
3000
Cash of Bark Cash in hand Stock
20000
debiters
16.000
1000
machinery Bruildings
91,500
1/4/202) oorhan is admitted into the partravishing It's share in the profit in the following terms, Jor
Pays
He brings Rs 10,000 os Capital. The Good will is valued at 5000 and is to be shound in the balance sheet.
stock, and furniture debtors are reduce by for doubtful debts is Building Mcreased provide by 20% 1000 5 207 Repairs charges 10% 5% on