Ques. 9:-A and B are Partners Sharing Profits in the ratio of 2-3. Teir Balance Sheet as on 32 03 2013 manderBALANCE SUEET AS ON 31.3.2013LiabilitiesCapital AccountsPlant and Machinen67,500 Land and BuildinkB57.500 FurnitureOverdraft9.000 StockCreditors1.15,500 | Dehlors1200Salaries Outstanding3,000 Ls: PravisionGeneral Reserve7.500 Prepaid Insommee2.59.500odC is admitted as Partner on the same date on following termsThe new Profit Sharing ratio will be 3:2:1.C will bring 48,000 as capital.Since C is unable to bring anything in cash for his Share of goodwill. Partners decide to valid godwill abiel isto be calculated on the basis of C's slzare in profits and the capital contributed by hiru.(iv) Following Revaluations have to be made -60Plant and Machinery90,000StuckLand and Building90,000Prwision for Donbalul DobraReduce Furniture by 10%Prepare Revaluation Account, Partners Capital Accounts and Balance Sheet of the new Firm​