Required to prepare partner capital ac
. Harry and Gairy are partners in a firm sharing profits and son in the samo 4.1. Ther Balance Sheet as at 31st March, 2025 is given below
BALANCE SHEET OF HARRY AND GARRY 31 March, 2025
Labilities
Assets
Sundry Creditors
30.000
Goodall
Outstanding Salary
10.000
m
3400
General Reserve
11,000
Sundry Dettun
12,300
Workmen Compensation lieterve
40.000
Les Pet
Capital Alcs
Cash
Harry
50.2000
Garry
50.000
100.000
196000
On 1st April, 2025, they admit Parry as a new partner on the following terms
(a) The new profit-sharing ratio of Harry, Garry and Parry to be equi
(b) Parry brings capital of 45.000 and his share of goodwill of 521000 с
(c) Office Equipment to be valued at f69,000
Id) Claim against Workmem Compensation is 10.000
You are required to prepare Partners Capital Accounts