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Partnership Accounts-Ill (Admission of New Partner) (Ans. Revaluation Profit Partner's Capital : 4,000 ; Randeep : 72,000 : Sandeep : SHORT ANSWER TYPE QUESTIONS (TYPE-I) Prepare Revaluation A/c and Partner's Capital A/c. 48,000 ; Mandeep : 40,000 (Current A/c : 15,600 and 10,4001) 381 Q.1. What adjustments are required at the time of admission of a new partner