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X, Y and Z were in partnership sharing profits and losses in the proportions of 3 : 2 : 1. On 1st April, 2018 Y retires from the firm. On that date, their Balance Sheet was: The terms were: (a) Goodwill of the firm was valued at ₹ 13,500 and adjustment in this respect was to be made in the continuing Partners Capital Accounts without raising Goodwill Account. (b) Expenses Owing to be brought down to ₹ 3,750. (c) Machinery and Loose Tools are to be valued @ 10% less than their book value. (d) Factory Premises are to be revalued at ₹ 24,300. Show Revaluation Account, Partners Capital Accounts and prepare the Balance Sheet of the firm after the retirement of Y.

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