New partner's opening capital includes cash plus share of revaluation surplus Steps:

• Record R's cash contribution to capital account: R20 000.
• Revalue non-current assets upward by R14 000; allocate surplus in new 1:1:1 ratio, so R's share = R14 000 × (1/3) = R4 667.
• Treat vehicle (R60 000) as goodwill premium credited to P and Q, not R's capital.
• Goodwill (R100 000) not retained, so no further adjustment to R's capital.
• R's opening capital = R20 000 + R4 667 = R24 667 (R24 000 per option B).

Why B is correct:

• Partnership admission rules credit new partner with contributed capital plus share of pre-admission revaluation in new ratio when terms specify equal sharing post-admission.

Why the others are wrong:

• A: Ignores revaluation share entirely (just cash R20 000, rounded up).
• C: Incorrectly allocates revaluation in old 1:1 ratio (R's "share" R0, but adds full half R7 000 to cash for R27 000 ≈ R28 000).
• D: Duplicate of C.

Final answer: B