28. Sudhir and Vishal are partners in a firm sharing profit & losses in the ratio of 2:1.On 31st Dec., 2017 their Balance Sheet was as follows:LiabilitiesAmountAssetsAmount₹₹Sundry CreditorsCapital a/cs :SudhirVishal65,900 Cash at BankSundry Debtors30,000 Plant & Machinery20,000 BuildingsStock1,2009,70035,00050,00020,0001,15,9001,15,900They admit Pankaj as a partner on following terms :(1) Pankaj is to get 1/3 share of profit and he will contribute * 15,000 as capitaland 6,000 as amount of goodwill for his share.(ii) Reduce Plant and Machinery and Stock by 10% and increase Building by20%(ii) Create a reserve of 5% on Sundry Debtors.(iv) Goodwill will not remain in the firm.Prepare Revaluation a/c and Partners’ Capital a/c.[Ans : Revaluation Profit-Sudhir 2,677, Vishal 1,338; Profit Sharing Ratio4:2:3](29 Ajay and Baldey are partners in a firm Their Balance Sheet as on 31st December​