Problem 4: Given below is the Balance sheet of Ahmed and Biswas who are carrying on partnership business sharing profits and losses in the ratio of 2 : Rehan is admitted as a partner and the following adjustments need to be made: - Rehan is to bring in OMR 100,000 as her capital and OMR 60,000 as her share of goodwill for 1/4th share in profits - Plant is to be appreciated to OMR 120,000 and the value of buildings is to be appreciated by 10% - Stock is found overvalued by OMR 4,000 - A Provision for doubtful debts is to be created at 5% of debtors - Creditors were unrecorded to the extent of OMR 1,000 Prepare all the necessary accounts \& calculate the new profit sharing ratio and the sacrificing ratio