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Didi and Chomi are running a business, VaalPure Innovations, a company that specialises in developing cutting-edge water filtration systems for industrial use. VaalPure Innovations operates in the environmental technology sector, focusing on providing sustainable solutions to industries dealing with water scarcity and pollution. Didi and Chomi are in a partnership and share profits and losses in a ratio of 3:2 respectively.
On 30 July 2024 the following information was extracted from the accounting records of the partnership:
R
Capital - Didi R183,800
Capital - Chomi R168,700
Current account - Didi (cr) R44,000
Current account - Chomi (cr) R33,000
Additional information:
1. On 1 August 2024, Didi and Chomi decided to admit Lebo to the business as a new partner. Lebo will contribute the following to acquire a fifth of the net asset share of the partnership
Cash...................................................... R 35000
NP200 Bakkie worth............................ R120000
2. Didi and Chomi agreed to relinquish 20% of their share in profits or losses to Lebo in the ratio of 3:1 respectively
3. All other assets were revalued before admitting Lebo to the partnership.
4. A valuation profit was correctly calculated at R18000.
Correct balance which represents the correct balance in the capital account of Chomi after the valuation of assets and prior to the admission of Lebo?
Instructions:
1. Round off to the nearest Rand (eg: 50.56 is 51)
2. Only show the amount, do not show the R (eg: 12000)

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