admit D. D should bring capital to that of B. New partners sharing ratios are 2A;...

 

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admit D. D should bring capital to that of B. New partners sharing ratios are 2A; 3B; A, B and C are partners sharing profits and Losses at 2A; SB and IC. They decided to 4C and 3D. Goodwill is valued at OMR40,000 to be brought in the business books. There is total increase in assets revaluation by OMR16,800. You are required to show capital accounts in columnar form. Note: Balances b/d for partners capital accounts given in the table below. Capital Accounts D A B C A Balances b/d 55,800 B 72,000 C 49.20 0 D admit D. D should bring capital to that of B. New partners sharing ratios are 2A; 3B; A, B and C are partners sharing profits and Losses at 2A; SB and IC. They decided to 4C and 3D. Goodwill is valued at OMR40,000 to be brought in the business books. There is total increase in assets revaluation by OMR16,800. You are required to show capital accounts in columnar form. Note: Balances b/d for partners capital accounts given in the table below. Capital Accounts D A B C A Balances b/d 55,800 B 72,000 C 49.20 0 D