# Pls solve this fast pls

Revaluation Account | ||||

Particulars | Amount (Rs) | Particulars | Amount (Rs) | |

Machinery A/c | 60,000 | Land & Building A/c | 60,000 | |

Bad Debts A/c (17,000 – 10,000) | 7,000 | Loss transferred to: | ||

Aruna’s Capital A/c | 2,000 | |||

Karuna’s Capital A/c | 3,000 | |||

Varuna’s Capital A/c | 2,000 | 7,000 | ||

67,000 | 67,000 | |||

Partners’ Capital Accounts | |||||||||

Dr. | Cr. | ||||||||

Particulars | Aruna | Karuna | Varuna | Particulars | Aruna | Karuna | Varuna | ||

Revaluation A/c | 2,000 | 3,000 | 2,000 | Balance b/d | 2,00,000 | 3,00,000 | 2,00,000 | ||

Aruna’s Capital A/c | − | 20,000 | 20,000 | General Reserve A/c | 10,000 | 15,000 | 10,000 | ||

Bank A/c | 50,000 | − | − | Workmen Compensation Fund A/c | 2,000 | 3,000 | 2,000 | ||

Aruna’s Loan A/c | 2,00,000 | − | − | Karuna’s Capital A/c | 20,000 | − | − | ||

Balance c/d | − | 4,00,000 | 3,00,000 | Varuna’s Capital A/c | 20,000 | − | − | ||

Bank A/c ( Balancing Figure) | 1,05,000 | 1,10,000 | |||||||

2,52,000 | 4,23,000 | 3,22,000 | 2,52,000 | 4,23,000 | 3,22,000 | ||||

Bank Account | |||

Particulars | Amount (Rs) | Amount (Rs) | |

Balance b/d | 1,00,000 | Aruna’s Capital A/c | 50,000 |

Karuna’s Capital | 1,05,000 | Balance c/d | 2,65,000 |

Varuna’s Capital | 1,10,000 | ||

3,15,000 | 3,15,000 | ||

Balance Sheetas on March 31, 2016 | |||||

Liabilities | Amount (Rs) | Assets | Amount (Rs) | ||

Capital A/cs: | Land & Building | 2,60,000 | |||

Karuna | 4,00,000 | Machinery | 2,40,000 | ||

Varuna | 3,00,000 | 7,00,000 | Debtors | 1,10,000 | |

Aruna’s Loan | 2,00,000 | Less: Bad Debts | 17,000 | 93,000 | |

Workmen Compensation Fund | 8,000 | Stock | 1,00,000 | ||

Creditors | 50,000 | Bank | 2,65,000 | ||

9,58,000 | 9,58,000 | ||||

__:__*Working Notes*

__1:__*WN**Calculation of Goodwill*

$\text{Aruna'sGoodwill=1,40,000\xd7}\frac{2}{7}\text{=Rs40,000}$

__2:__*WN**Calculation of Gaining Ratio*

$\begin{array}{l}\text{Karuna=}\frac{4}{7}\text{-}\frac{3}{7}\text{=}\frac{1}{7}\text{}\\ \text{Varuna=}\frac{3}{7}\text{-}\frac{2}{7}\text{=}\frac{1}{7}\text{}\\ \text{Gainingratio=1:1}\end{array}$

__3:__*WN**Calculation of New Capital*

$\begin{array}{l}\text{TotalCapitalofNewFirm=7,0}0\text{,000}\\ \text{Karuna'sCapital=7,00,000\xd7}\frac{4}{7}\text{=Rs4,00,000}\\ \text{Varuna'sCapital=7,00,000\xd7}\frac{3}{7}\text{=Rs3,00,000}\end{array}$

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