learning act.edu.com Faisal Said Sat Alhadhram Following in the Balance Sheet of Mr. Adil and Mr. Badsha who share profits in the ratio of 3:2 Balance Sheet of Mr. Adil and Mr. Badsha as on April 1, 2020 Liabilities Amount (OMR) Assets Amount (OMR) Sundry creditors 58,000 Cash in hand 10,000 Capitals 330,000 Debtors 60,000 Mr Adil 180,000 Mr.Badsha 150,000 Bills payable 110,000 Stock 40,000 Outstanding expenses 2,000 Building 150,000 Plant & Machinery 100,000 1 Cash at bank 40,000 400,000 400,000 Mr. Kareem is admitted as a partner on the date of the Balance Sheet on the following terms Plant is to be appreciated to OMR 120,000 and the value of building is to be appreciated by 10% Stock is found overvalued by OMR 4,000. A Provision for doubtful debts is to be created at 5% of Sundry Debtors. lv. Un recorded creditors OMR 1000 a. Pass the journal entry to record the appreciation of plant and machinery in Revaluation IL TIL account 3: 3 learning act.edu.om a Faisal Said Sait Alhadhrami a. Pass the journal entry to record the appreciation of plant and machinery in Revaluation account b. Pass the journal entry to record the provision for doubtful debts in Revaluation account. . c. The balance of revaluation account will be