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oft BALANCE SHEET as ar 31.3.2010 Rs. Assets RE 15.000 Cash Liabilities Hills Payable Capitals 30.000 30.000 45,000 Sundry Debtors Plan and Machinery Furniture 15.000 B 50.000 95000 Parents 10.000 15.000 3.10.000 110.000 On +4.2010 they decided to admit for th share into partnership He brings Rs 10,000 as goodwill and introduced one half of the combined capital of A and B in the new firm At the time of Cs admission Furniture is decreased by Plant and Machinery is decreased by 10% da Reserve of 20% is to be created on Debtors to Doubtful Dehts Draft the Journal Entries to record the above transactions and prepare Balance Sheet after t's admission