A. From the following Trial Balance of Abdulla, Zaher and Mahmood, you are required to prepare the following after taking into account the additional information: a) Adjusting Entries (2.5 marks) b) Income Statement for the year ended March 31, 2019 (2.5) c) Profit and Loss Appropriation Account (3.0) d) Partners' Current Accounts (2.5) e) Balance Sheet (2.5) Trial Balance as on 31st March, 2019 Debit Balance Amt. 50.000 Amt. Credit Balance 4,000 Capital Alc. Abdullah 88.000 Ziher 1.76,000 23.500 Current Ac- Zaher 15.000 Current A Mahmood 8,000 Sondry Creditees 2.600Bank overdra 3,000 Sales 90,000 130,000 3.600 Current Ave - Abdullah Opening stock Purchases Wages Salaries Office expenses Bank charges Legal charges Machinery Land and Building Interest Export duty Bad debes Sundry Debtors Travelling Expenses Electricity charges Furniture Equipment 80,000 80.000 2.500 2.500 103.000 50.000 308,000 $2,000 2.300 37.000 20.000 716,000 716.000 Adjustments: Stock on hand on 31st March, 2019 was valued at OMR 80,000. 2, Accrued expenses: Salaries OMR 3,000, Wages OMR 2,400. Depreciate Machinery at 10% p.a. Land and Building at 5% p.a. . Provision for Bad and doubtful debts at 5% on Sundry Debtors. s Legal charges paid in advance paid in advance OMR 1,200. . The following were agreed upon: a) Abdullah is entitled to a salary of OMR 1,000 per month. b) Interest on capital is 5% p.a. B. Admission of a New Partner (2 marks) 1. Explain the treatment of goodwill at the time of the admission of a new partner. 2. Explain the following adjustments required at the time of admission of a partner. a) Calculation of New Profit Sharing Ratio. b) Revaluation of Assets and Liabilities of the firm