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Ramesh and suresh were partners in …

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Ramesh and suresh were partners in the ratio 3:2 there balance sheet as on.31-12-2007.liabilitis are creditor 1000,reserve fund 1500,provident fund 500,ramesh capital 5000,suresh capital 4000.assets are machinary 1200,stock 2550,cash in hand 6250,cash in bank2000.on 1-1-2008 they admitted arvind into partnership for 1/6share he will bring 1000 for goodwill and 1500 for capital. the old partner adjusted there capital on the basis of new ratio prepare partners capital
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