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Divay, Yasmin and Fatima are partners in...

Divay, Yasmin and Fatima are partners in a firm, sharing profits and losses in 11 : 7 : 2 respectively. The Balance Sheet of the firm on 31st March, 2018 was as follows:

On 1st April, 2018, Aditya is admitted as a partner for one-fifth share in the profits with a capital of RS.4,50,000 and necessary amount for his share of goodwill on the following terms:
(a) Furniture of RS.2,40,000 were to be taken over Divya, Yasmin and Fatima equally.
(b) A creditor of RS.7,000 not in books to be taken into account.
(c) Goodwill of the firm is to be valued at 2.5 years' purchase of averge profits of last two years. The profit of the last three years were:
2015-16-RS.6,00,000, 2016-17-RS.2,00,000, 2017-18-RS.6,00,000.
(d) At time of Aditya's admission. Yasmin also brought in RS.50,000 as fresh caiptal.
(e) Plant and Machinery is re-valued to RS.2,00,000 and expenses outstanding were brought down to RS.9,000.
Prepare Revaluation Account, Partners Capital Balance Sheet of the reconstituted firm.

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