M/s. Mahima LLC a partnership firm starts the business with total capital of OMR 156,000. The assets and liabilities of the firm listed in the table below. Name of Account Cash Sundry Debtors Stock Machinery Land Furniture Premises Building Plant Bill Receivable OMR Name of Account 54,000 Bank Loan 84,000 Bonds 30,000 Bills Payable 48,000 Sundry Creditors 84,000 Bank Overdraft 30,000 General Reserve 48,000 Profit & Loss A/C 120,000 A's Capital Account 72,000 B's Capital Account 30,000 C's Capital Account OMR 48,000 60,000 96,000 120,000 30,000 60,000 30,000 72,000 48,000 36,000 The firm decided to admit Dinto the partnership for 1/5th of the future profits with the terms that D shall bring in a capital of OMR 60,000 and the Goodwill of the firm being valued at OMR 48,000 on 1.4.2020. The assets like Machinery, Land, Buildings and Plant are to be appreciated by 10% and Stock, Furniture, Premises are to be depreciated by 5%. Provision for Doubtful Debts to be made on Sundry debtors @ 5%, Discount on Creditors to be created against Sundry Creditors @ 2.5%, Provision for outstanding liability is also to be created at OMR 4,800 and Bank Loan is to be maintained. A, B and C sharing profits 3:2:1 as on 31.3.2020 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)