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Type a question Browse To B's Capital AX (Being amount of goodwill distributed among A and B in sucrificing ratio) Locate pictures Add a new picture shortcut Edit 013 Estatures Rename pictures Share Enal pictures Send pictures to create Export pour Labilities LLUSTRATION 48 (Preparation of Balance Sheel to reconstituted firmadest Capitals). A and B are partners in a fimm shanng profits and loudaia the ratio of 3 2 They admit into the fire when their Balance She was as follows BALANCE SHEET as al 31.3.2010 Rs. Assets Oroditors 20,000 Bank Dunk Loan 40,000 Debtors 3560 General Resenc 30.000 Stock Capital 80.000 Investments w By Capital 50,000 Furniture 20.000 Machinery 250 Goodwill FOTO 2.2010 2.20,000 10 Terms of (admission were as follows will bring R: 70.000 as his share of capital by Goodwill is valued at Rs 60.000 and could not bring his share of goodwill cach It was decided not to show goodwill in the books Furniture and Machinery is to be revalued at Rs 15,000 and Rs 35.00%) respectively - Capita) od old partner is to be le adjusted on the basis of new partners apua! Adjustment of capital to the made through bank New ratio of Bind CIS !! marition de count Partners Cupital Accounts Balance Sheet of the sea lira