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Balance sheet of R, S and I Cas on 31st March 2017)LiabilitiesAntAntAssets33 00030,00050,000the54CreditorsCash10,000General Reserne 27000 DebtarsCapitalstockR70,000MachineryS.43oooLaud & Building 1,00,000T I30000 1450002osooo205000S retires on the abone date onfollowingConditionsLand and Building be appreciated by 20%I Goodwill is to be Valued atat 18,0002 A provision for doubtful debts of 5is to be Created and machinery bewritten down by 60% and stock by's?A provision of I of 1500 be made in respectof legal chargesBoint life policy of the partnersSurrendered and Cash obtained 2 13,500.sto be paid & 5000 in cash and balanceto be transferred tohis Loan account.Prepare Revaluation Account PartnersCapital Accounts and Balance aR and To​

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R70,000Machinerys43,000Laud and BUILDING 1,00,000



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