please answer both 17,18

- 18 A and B were partners sharing profits in 3.2 ratio. Their Balance sheet as on 31-03-2021. was as follows: Liabilities Assets F 80,000 Capital Building A'-60,000 Machinery 20,000 B - 40,000 1.00,000 Furniture 10,000 Popuition for bad debito 1.000 Debtors 25.000 Cereditals 60,000 Cash 16,000 Profit & Loss ALL 10,000 1.61.000 161,000 C was admitted as a newpartner on the followin -g terms 10) The new profit sharing lration was decided as 2:2:2 (6) C will bring & 30,000 as his capital and F 15000 for his share of goodwill. Lo Half of goodwill amount was withdrason by the partner who sacrificed his share of profit in d) A provision of 5% fat bad debts was to be main tained. (e) An item of 7 500 included in creditors was not likely to be paid e Aperovision of a 800 was to be made for outstanding repain. Prepare Revaluation as a lartners Capital Alco and Balance sheet of Hewfirm. favour of C. - (8)