93. Raman and Rohit were partners in a firm sharing profits and losses in the ratio of \( 2: 1 \). On 31 st March 2018, their Balance Sheet was as follows: BALANCE SHEET OF RAMAN AND ROHIT as at 31 st March, 2018 On the above date, Saloni was admitted in the partnership firm. Raman surrendered 2/5th of his share and Rohit surrendered 1/5th of his share in favour of Saloni. It was agreed that: (i) Plant and machinery will be reduced by \( ₹ 35,000 \) and furniture and fixtures will be reduced to \( ₹ 58500 \) (ii) Provision for bad and doubtful debts will be increased by \( ₹ 3,000 \). (iii) A claim for ₹ 16,000 for workmen's compensation was admitted. (iv) A liability of \( ₹ 2,500 \) included in creditors is not likely to arise. (4) Saloni will bring ₹ 42,000 as her share of goodwill

Question

93. Raman and Rohit were partners in a firm sharing profits and losses in the ratio of \( 2: 1 \). On 31 st March 2018, their Balance Sheet was as follows: BALANCE SHEET OF RAMAN AND ROHIT as at 31 st March, 2018 On the above date, Saloni was admitted in the partnership firm. Raman surrendered 2/5th of his share and Rohit surrendered 1/5th of his share in favour of Saloni. It was agreed that: (i) Plant and machinery will be reduced by \( ₹ 35,000 \) and furniture and fixtures will be reduced to \( ₹ 58500 \) (ii) Provision for bad and doubtful debts will be increased by \( ₹ 3,000 \). (iii) A claim for ₹ 16,000 for workmen's compensation was admitted. (iv) A liability of \( ₹ 2,500 \) included in creditors is not likely to arise. (4) Saloni will bring ₹ 42,000 as her share of goodwill premium and proportionate capital. Prepare Revaluation Account, Partners' Capital Accounts and Balance Sheet of the reconstituted fim.