II) Fixed Assets were overvalued by 25000
iii) Stock was undervalued by 5000
Iv) NPSR is 3:2 between Madan and Param
V) Dass be paid through amount brought in by Madan and Param in such a way to make their capitals proportionate. Minimum bank balance is to be maintained at 10000
Prepare Revaluation A/C, Partner's Capital A/C and Balance Sheet of Madan and Param