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Total Capital of the new firm As Capital should be 80.000 40,000 (Rs. 80,000x 40,000 C'Capital should be (R$ 80,000 xox 33 2 GRADED ILLUSTRATIONS (HOTS) TERMEN DAPreparation of Loan Accounts) A B C were partners sharias polos the ratio of B retires on 1 2007 For the past settlement of his dues his Capital Account shows a net credit of Rs after the necessary adjustments Books of accounts are closed on December every year Prepare Bs Loan Account till it is paid od se balance due to him is to be paid in four equal installments together interest @ 10% per annum