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please provide answer in middle of answer page so its clear to me to understand without missing any detail of solution. Ahmed and Wahid are

please provide answer in middle of answer page so its clear to me to understand without missing any detail of solution. image text in transcribed
Ahmed and Wahid are partners sharing profits and losses in the ratio of 3:1. Their Balance sheet as on March 31, 2021 is as follows. Liabilities Amount (RO) Assets Amount (RO) Creditors 150000 Cash 12500 Bills Payable 50000 Debtors 175000 General Reserve 100000 Stock 75000 Capital: o Plant 62500 Ahmed 200000 Buildings 250000 Wahid 100000 Profit & Loss Ac 25000 Bank Overdraft 150000 Equipment 150000 Total 750000 Total 750000 On April 01, 2021, they agreed to admit Khalid into the firm for 1/5th Share of future profits on the following terms: a) Building is revalued at 300000 b) Stock is revalued at 53750 c) Goodwill is raised at 100000 d) Provision for bad debts is to be made at 5% 0 e) Khalid has to bring in a Capital 125000 f) Khalid was unable to bring the amount of goodwill Pass Journal Entries and Prepare Revaluation Account, Capital Accounts and the Balance Sheet of the reconstituted firm

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