Jagdish should bring in cash rs 50000 as his cap and 25000 towards goodwill b.depriciate machinery by 10% c.increase pdd by 4000 d.buildings are re valued at 102500 prepare reval acc,partners cap ,balance sheet

Jagdish should bring in cash rs 50000 as his cap and 25000 towards goodwill b.depriciate machinery by 10% c.increase pdd by 4000 d.buildings are re valued at 102500 prepare reval acc,partners cap ,balance sheet ii) Partners a iii) New Balance Sheet as on 01.04.2017. Loss on Revaluation Account 7,000, Capital Account balan sacbin • 55,400, Dravid - 53,600, Ashwin 40,000, Bank Account 78,000, Balance Sheet total 3. suresh and Shankar are partners in a firm sharing profits and losses in 'he ratio of 1 : 1. Their balance sheet as on 31.03.2017 was as follows. Balance Sheet as on 31.03.2017 Liabilitie s Creditors Bilks Payabk Reserve F und Capital Accotnus: S wesh 60 ,OOO Slunkar Profit arvi LA'ss A/c Assets 40.000 Cash at 45.000 Stock 40.000 15,000 Ikbtors Less: PDD E tn-nnre 100 , 000 Machi-ery 30.000 On 01.04.2017, they admit Jagadish as a new partner for future profits on the following terms: 35