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and T who were sharing profits and losses in the ratio of 3 2 I stood follows 30 BALANCE SHEET as ar 31.3.2010 Liabilities Rs. Assets 10.000 Cash Bank Overdran Bills Payable 10,000 Debtors 15.000 16,200 Less Reserve Stock 300 Creditors Capital Accounts R S 14.20 13.50 Won 47.500 45.000 22.500 Machinery Land and Buildings 15.00 T 15.000 1,51200 31.2010 S retires on the same day and the following re-adjustments of assets and liabilities ar been agreed upon That out of the amount of insurance which was debited entirely to Profit and Los Account Rs 500 be carried forward for unexpired insurance That the Land and Building be appreciated by 10% (That the Reserve for Doubtlut Debts be brought up to 5% on Debtors Thai Machinery be decreased by 10% That Provision of Rs 2.250 be made in respect of an Outstanding Bill for Repair (That the goodwill of the entire firm be fixed at Rs 27.000 and S. share of the same adjusted in to the accounts of R and T who are going to share future profits in the proportion of 3 respectively no goodwill account being raised) i Thas shall be paid immediately what is due to him. For this purpose necessary fund can be obtained by Tastng bank overdraft