Abdul, Ahmed and Amin were partners sharing profits and losses in the ratio 4:2:2. On December 31^st, 2019, the balance Sheet of the firm stood as follow:

Balance Sheet

Liabilities	RO	Assets	RO
Creditors	45,000	Bank	99,000
General Reserve	24,000	Debtors	60,000
Capitals:		Stock	120,000
Abdul 300,000		Building	375,000
Ahmed 180,000		Profit and Loss Account	45,000
Amin 150,000	630,000
TOTAL	699,000	TOTAL	699,000

Amin retired on January 1^st,2020 on the following terms:

1. Building to be reduced by RO. 22,000.
2. The appreciated value of inventory is RO. 181,000.
3. Provision for doubtful debt to be made at 5% on debtors.
4. Goodwill of the firm is valued at RO. 42,000.
5. RO. 75,000 to be paid to Amin by transferring to his bank account immediately and the balance transferred to his loan account.

Prepare Revaluation Account, Partners Capital Account and the Balance Sheet. Based on the above information answer

1-

The balance of retired partner Amin's loan account appeared in the revalued balance sheet will be:

a.

RO 89250

b.

RO 46270

c.

RO 89520

d.

RO 98250

2-

The calculated value of share of profit on revaluation transferred to partners' capital account will be:

a.

Abdul: RO 8400, Ahmed: RO 4200, Amin: RO 12600

b.

Abdul: RO 12600, Ahmed: RO 8400, Amin: RO 4200

c.

Abdul: RO 7300, Ahmed: RO 4200, Amin: RO 2300

d.

Abdul: RO 18000, Ahmed: RO 9000, Amin: RO 9000

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