Following information use in Question NO.58 6 The following is the information about M/s. Mahadhi LLC with total capital OMR 195,000 and partners A, B and C cum 3:2:1 share in Ibri as on 31.3.2020. Name of Accounts OMR Name of Accounts OMR Cash 67,500 Bank Loan 60,000 Sundry Debtors 105,000 Bonds 75,000 Stock 37,500 Bills Payable 120,000 Machinery 60,000 Sundry Creditors 150,000 Land 105,000 Bank Overdraft 37,500 Furniture 37,500 General Reserve 75,000 Premises 60,000 Profit & Loss A/C 37,500 A's Capital Account 90,000 Building 150,000 B's Capital Account 60,000 Plant 90,000 C's Capital Account 45,000 Bill Receivable 37,500 On 1.4.2020 they decided to admit D into the partnership for 1/5th of the future profits with the terms that D shall bring in a capital of OMR 75,000, Goodwill of the firm being valued at OMR 60,000 The assets of the firm such as Machinery, Land, Buildings and Plant are to be appreciated by 10% and Stock, Furniture, Premises are to be depreciated by 5%. Further the book has to be created a Provision for Doubtful Debts against Sundry Debtors @ 5%, Discount on Creditors @ 2.5%. Provision for outstanding liability is to be created at OMR6,000 and Bank Loan is to be maintained Q5. Journalize the above transactions with narrations and prepare the Revaluation Account. Give your comment with reasons about the values which are debited and credited in the Revaluation Account (2+2+1 = 5 Marks) Q6. Prepare Partners' Capital Accounts and Balance Sheet of the reconstituted partnership firm. Give your views about the changes in the balance sheet after reconstitution. (2+2+1 = 5 Marks)