Maali and Marwa are partners of Perfurme business sharing profit and loss in the ratio of 6:2. Their Balance Sheet as on 31/12/19 shows OMR 35,000 as Profit and Loss A/c in the liabilities side. On 31-12-2020 they admit mizna, on that date, their Balance Sheet showed an amount of Profit and Loss A/c in the Asset side. OMR 15,000 as On the same Balance Sheet an reserve fund of OMR 19500 were found. Record necessary journal entries in Maali and Marwa Perfume business. Asila and Maali were started a Fancy business. The following is the Balance Sheet as on 31/12/2020, they share profits in the ratio of 2:2 Liabilities Amount Assets Amount OMR OMR Sundry Creditors 30,000 Cash in Hand 20,000 Capital Account Debtors 25,000 Asila 40,000 Maali 40,000 80,000 Stock 25,000 Furniture 5,000 Plant and Machinery 35,000 Total 110,000 Total 110,000 On 31-12-2020 Rugiaya is admitted into the partnership on the following terms: That Rugiaya is to bring in OMR 25,000 as capital and OMR 10,000 as premium for goodwill for 1/3rd share. That the value of stock is reduced by 7.5 %, while plant & machinery is appreciated by 5.5 %. That furniture is devalued at OMR 2,250. That a provision for doubtful debt is to be created on sundry debtors at 2.5 %. Investment worth OMR 4,525 (not mentioned in the balance sheet) is to be taken into account. OMR 125 is to be provided for an electricity bill. A creditor of OMR 150 is not likely to claim his money and is to be written off. Can you prepare Revaluation Account from above details.