Oct 26 Not yet are Marked out of 300 Following in the Balance Sheet of A and B who share profits in the ratio of 3:2 Balance Sheet of A and B as on April 1, 2020 Liabilities Amount (OMR) Assets Amount (OMR) Sundry creditors 20,000 Cash in hand Capitals 70,000 Debtors 22.000 A 50,000 B 20,000 13,000 Stock 15,000 Furniture 20,000 plant & Machinery 60,000 90,000 90,000 The value of plant and machinery happreciated by 2016 A provision for doubtful debts is to be created on sundry debtors at 18% 1 Pass the journal entry to record the appreciation of plant and machinery in Revaluation account Dr Avaloatian / OMR4,000 Cr Plant and Machinery / OMR 4,000 Dr Plant and Machinery a/c OMR4,000 Gr Revaluation ac OMR 4,000 Dr Plant and Machinery a OMR 4,000 Cr Realization a/c OMR4,000 Dr Analizational OMR4,000 Cr Plant and Machinery al OMR 4,000 2. Puss the journal entry to record the provision for doubtful debts in Revaluation account B 20,000 Stock 15,000 Furniture 20,000 plant & Machinery 20,000 90,000 90,000 The value of plant and machinery is appreciated by 20% b. A provision for doubtful debts is to be created on sundry debtors at 15% 1.Pass the journal entry to record the appreciation of plant and machinery in Revaluation account 2. Pass the journal entry to record the provision for doubtful debts in Revaluation account. Dr Hevaluationale OMR 21,300 Or Provision for doubtfuldet / OMR3,300 Dr Provision for doitlul debts w/ OMA 3,00 Cr Revaluationale OMR 3,300 Dr Provision for doubtfuldebt we OMA 3.300 Or Realizational OMR3,000 Dr Realeation / OMR 3300 Cr Provision for doubtful debts We OMR 3,300 3. The balance of revakuation account will be Furniture 20,000 Plant & Machinery 20,000 90,000 90,000 The value of plant and machinery is appreciated by 20% b. A provision for doubtful debts is to be created on sundry debtors at 15%. a 1 Pass the journal entry to record the appreciation of plant and machinery in Revaluation account. 2. Pass the journal entry to record the provision for doubtlul debts in Revaluation account. 3. The balance of revaluation account will A credit balance of OMR 700 Acredit balance of OMR 4,000 None of the choices A debit balance of OMR 700