Following is the balance sheet of Ram, Shyam and Mohan. Sharing profit and losses in the ration of 6:5:3 respectively:

Liabilities ₹ Assets ₹

Creditors 18,900 Cash 1,890

Bill Payable 6,300 Debtors 26,460

Workmen Compensation Stock 29,400

Reserve 10,500 Furniture 7,350

Capital Land and Building 45,150

Ram 35,400 Goodwill 5,250

Shyam 29,850

Mohan 14,550 79, 800

Total 1,15,500 Total 1,15,500

They agree to take Sahil into partnership and give him 1/8 share on the following terms:

a) The furniture be depreciated by ₹920.

b) Claim on account of workmen compensation ₹3,500.

c) Provision ₹1,320 be made for outstanding repair bills.

d) The value of land and building appreciated to ₹56,150.

e) Accrued income ₹760 should be provided for.

f) Sahil should bring ₹14,700 as his capital and ₹14,070 as his share of goodwill.

g) The capital account of the old partners be adjusted on the basis of the proportion of Sahil’s capital and actual cash to be paid off or brought in by the old partner as the case may be.

Prepare Revaluation A/c. Partner’s Capital A/c. and Balance Sheet of the new firm.