Please solve this quickly

Please solve this quickly 4. Karim and Rehman are partners in a firm sharing profit in the ratio of respectively. They admitted Naval.an old employee as a partner for % share in th profit . Naval Will bring for his capital and the capital pf and rehman Will be adjusted in the profit—sharing For this Current Account will be opened . The balance sheet of the firm as at 31st March .2018befOre Naval's Admission was as follow: BALANCE SHEET OF KARIM AND REHMAN Liabilities Crediators Bills payable General reserve Workmen Compensation Resewe Capital A/cs: Karim Rehman 120.000 1.60000 80.000 40.000 5.00.000 as at 31st March-2018 Assets cash in hand Sundry Debtor Less Provision for doubtful debt Furniture Machinery Building Profit and loss A/c 205.000 315.000 The other terms of the agreement were as follcm-. (a) Naval will bring Rs.I.75.OOO.for his share of goodwill. (b) Building Will be at Rs,3.90.OOO and machinery be depreciated (c) Outstandingrent amountedtoRs.4.OOO. (d) All debtors are good. (e) There is a claim against the firm for damage liability to the extent of Rs. 5000 is to be created. 200.000 2/00.000 3.10.000 1.10.000 40.000 Identify the value bein prepare Revaluation Account . highlighted in this case. partners Capital Accounts. partners Current Accounts and the balance Sheet Of the new Firm

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  • 3
The picture is not clear....the share for naval is not visible
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Share of naval is 1/2
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