Amount (RO) Creditors Q2 The following was the Balance sheet of A, B and C sharing profits and losses in the proportion of 5:3:2 Liabilities Amount (RO) 90,000 Assets 120,000 Cash at Bank Bills Payable 48,000 Stock 150,000 General Reserves 60,000 Debtors 180,000 Capital Accounts A 240,000 Furniture 48,000 B 210,000 Land and Buildings 360,000 C 150,000 828,000 828,000 They Admit D into Partnership giving him 1/5th share of profits on the following terms: D brings in his capital Provision is be made for outstanding expenses Goodwill already appears in the books Furniture is to be written down by Stock is to be depreciated by Land and Buildings is to be appreciated by 150,000 126,000 120,000 12.50% 7.50% 15.0% Write the Necessary Journal Entries. Prepare Revaluation Account, Capital Accounts and Balance sheet of the firm as newly constituted.