1.

Y retired on 1st April, 2018 on the following terms: (a) Goodwill of the firm was valued at ₹ 70,000 and was not to appear in the books. (b) Bad Debts amounted to ₹ 2,000 were to be written off. (c) Patents were considered as valueless. Prepare Revaluation Account, Partners Capital Accounts and the Balance Sheet of X and Z after Y’s retirement.

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