Mr. Kamal and Mr. Thameem are partners sharing profit and losses in the ratio of 2:1. Their Balance Sheet was as follows: Balance Sheet of Mr. Kamal and Tameem as on December 31, 2016 Liabilities Amount (OMR) Assets Amount (OMR) Creditors 40,000 Debtors 26,000 Bills payable 7,000 Investment 15,000 Stock 6,000 47,000 47,000 Mr. Nissar is admitted as a partner and assets are revalued and liabilities reassessed as follows: (i) Create a Provision for doubtful debt on debtors at OMR.800. (ii) Investment is appreciated by 10%. (iii) Stock is deprecated at 5% Revaluation account shows a balance amount o OMR 1100 OMR 1500 None of these OMR 400