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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
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Single column cash book

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