Asha and Indra were partners in a firm sharing profits and losses in the ratio of 3: 2. Their Balance Sheet on 31st March, 2025 was as following:…

Books of Asha and Indra Dr. Revaluation A/c Cr. Particulars Amount(₹) Particulars Amount(₹) To Furniture A/c $\displaystyle 20{,}000$ By Creditors A/c $\displaystyle 5{,}000$ To Gain on revaluation transferred to partners’ By Plant and Machinery A/c $\displaystyle 30{,}000$ capital accounts: Asha $\displaystyle 9{,}000$ Indra $\displaystyle 6{,}000$ $\displaystyle 15{,}000$ $\displaystyle 35{,}000$ $\displaystyle 35{,}000$ Dr. Partners’ Capital A/c Cr. Particulars Asha Indra Suraj Particulars Asha Indra Suraj (₹) (₹) (₹) (₹) (₹) (₹) To Furniture $\displaystyle 100000$ By Balance b/d $\displaystyle 400000$ $\displaystyle 300000$ A/c To Balance $\displaystyle 354000$ $\displaystyle 336000$ $\displaystyle 230000$ By General $\displaystyle 30000$ $\displaystyle 20000$ c/d Reserve By Premium for $\displaystyle 15000$ $\displaystyle 10000$ goodwill A/c By Revaluation $\displaystyle 9000$ $\displaystyle 6000$ A/c By Bank/Cash $\displaystyle 230000$ A/c $\displaystyle 454000$ $\displaystyle 336000$ $\displaystyle 230000$ $\displaystyle 454000$ $\displaystyle 336000$ $\displaystyle 230000$ Working Notes: Calculation of proportionate capital Capital after adjustments Amount (₹) Asha $\displaystyle 354000$ Indra $\displaystyle 336000$ $\displaystyle 690000$ Capital brought by Suraj= ($\displaystyle 690000$ x4/$\displaystyle 3$) x $\displaystyle 1$/$\displaystyle 4$ = ₹ $\displaystyle 2{,}30{,}000$