A, B and C are partners sharing profits and losses in the ratio of 2 : 3 : 5. On 31st March, 2019, their Balance Sheet was:

They admit D into partnership on the following terms:

1. Machinery is to be depreciated by 15%.
2. Stock is to be revalued at 48,000.
3. It is found that the Creditors included a sum of 12,000 which was not to be paid.
4. Outstanding Rent is 1,900.
5. D is to bring in 6,000 as goodwill and sufficient capital for 2/5th share.

The partners decided to use 10% of the profits every year in providing drinking water in schools, where required. Prepare Revaluation Account, Partners' Capital Accounts, Cash Account and Balance Sheet of the new firm.