21. The Balance Sheet of Bhavesh and Chandra, who share profits and losses in the ratio of [tex]$3:1$[/tex], as at [tex]31^{\text{st}}[/tex] March, 2018 was as follows:

Balance Sheet as on [tex]31^{\text{st}}[/tex] March, 2018

\begin{tabular}{|l|r|lr|r|}
\hline
\multicolumn{2}{|c|}{\textbf{Liabilities}} & \multicolumn{2}{c|}{\textbf{Assets}} \\
\hline
Creditors & 20,000 & Bank & 20,000 \\
Workmen's Compensation Reserve & 30,000 & Debtors & 13,000 \\
General Reserve & 24,000 & Less: Provision & 1,000 & 12,000 \\
Bhavesh's Capital & 32,000 & Bills Receivable & 10,000 \\
Chandra's Capital & 28,000 & Stock & 20,000 \\
& & Land \& Building & 30,000 \\
& & Goodwill & 42,000 \\
\hline
Total & 1,34,000 & Total & 1,34,000 \\
\hline
\end{tabular}

Alia was admitted on 1.4.2018 for a [tex]$\frac{1}{5}$[/tex] share on the following terms:

1. Alia shall bring Rs. 20,000 for her share of Goodwill and the necessary amount for her share of Capital in cash.
2. Anju, an old customer whose account was written off as bad, has paid Rs. 400 in cash in full settlement of his dues.
3. The market value of Land and Building to be taken as Rs. 40,000.
4. Workmen's Compensation Reserve is to be increased by Rs. 10,000.
5. Unaccounted Accrued Incomes of Rs. 200 are to be accounted for.
6. The capitals of all partners are to be in the new profit-sharing ratio, taking the old partners' total capital as the base after adjustment. Actual cash is to be paid off or brought in by the partners for adjusting their Capital Accounts.