Kareem, Khalid and Khalfan were partners sharing profits and losses in the ratio 3:2:1. On march 31st, 2018, the balance Sheet of the firm stood as follow: Balance Sheet Liabilities RO Assets RO Creditors General Reserve 30,000 Bank 65,000 15,000 Debtors 40,000 Capitals: Stock 80,000 Kareem 200,000 Building 250,000 Khalid 120,000 Profit and Loss Account 30,000 Khalfan 100,000 420,000 TOTAL 465,000 TOTAL 465,000 Khalfan retired on April 1st,2018 on the following terms: a. Building to be appreciated by RO. 15,000. b. Provision for doubtful debt to be made at 6% on debtors. c. Goodwill of the firm is valued at RO. 18,000. d. RO. 50,000 to be paid to Khalfan 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 the following '5' questions. (Do not upload any documents) Question 46 Not yet answered Marked out of 1.00 Flag question Identify which one of the following accounting entry is correct for the revaluation of building: O a. Dr: Revaluation account RO 15000 Cr: Building account RO 15000 O b. Dr. Building account RO 250000 Cr: Revaluation account RO 250000 O c. Dr. Revaluation account RO 250000 Cr: Building account RO 250000 O d. Dr. Building account RO 15000 Cr: Revaluation account RO 15000 Question 47 Not yet answered The balance of retired partner Khalfan's loan account appeared in the revalued balance sheet will be: Marked out of 1.00 O a. RO 46200 O b. RO 52600 Flag question O c. RO 50000 O d. RO 56200 Question 48 Not yet answered Marked out of 1.00 Flag question The calculated value of share of profit on revaluation transferred to partners' capital account will be: O a. Kareem: RO 12600, Khalid: RO 8400, Khalfan: RO 4200 O b. Kareem: RO 6300, Khalid: RO 4200, Khalfan: RO 2100 Oc. Kareem: RO 4200, Khalid: RO 2100, Khalfan: RO 6300 O d. Kareem: RO 3150, Khalid: RO 2100, Khalfan: RO 1150 Question 49 Not yet answered Marked out of 1.00 Flag question The value of goodwill shown in the adjustment will be: a. Debited to all partners' capital account in the old profit ratio Ob. Credited to remaining partners' capital account in the gaining ratio O c. Debited to remaining partners' capital account in the sacrificing ratio O d. Credited to all partners' capital account in the old profit ratio Question 50 Not yet answered Marked out of 1.00 Flag question The balance of capital appearing in the balance sheet before revaluation will be transferred to: O a. Debit side of the partners' capital account O b. Credit side of the partners' capital account O c. Debit side of the bank account O d. Credit side of the bank account