50 :- Lal, Bal and Pal are partners sharing profits in the ratio of 5:3:7. Lal retired from the firm, Bal and Pal decided to share future profits in the ratio of 2:3. The adjusted Capital Accounts of Bal and Pal showed balances of Rs 49,500 and Rs 1,05,750 respectively. The total amount to be paid to Lal is Rs 1,35,750. This amount is to be paid by Bal and Pal in a manner that their capitals become proportionate to their new profit sharing ratio. Calculate the amount to be brought or to be paid to partners.
51 :- Balance sheet of X, Y and Z who shared profits in the ratio of 5:3:2, as on 31st March 2025 was as follows
Y retired on 1st April 2025 and it was agreed that
(a) Goodwill of the firm is valued at Rs 1,12,500 and Y’s share of it be adjusted into the capital accounts of X and Z who are going to share future profits in the ratio of 3:2.
(b) Fixed assets to be appreciated by 20%.
(c) Stock be reduced to Rs 75,000
(d) Y be paid amount brought by X and Z so as to make their capitals proportionate to their new profit sharing ratio
Prepare revaluation account, capitals accounts of all partners and the balance sheet of the new firm.