QUESTION TWO a) \\( \\mathrm{A} \\) and \\( \\mathrm{B} \\) are in partnership and share profit and losses in the ratio 2:3.On 31/12/22, the balance sheet of A and B partnership was as follows: Balance sheet as at \\( 31 / 12 / 22 \\) On \\( 1 / 1 / 23 \\), they admitted \\( \\mathrm{C} \\) as their partner on the following conditions: i, C was to bring in a cheque of shs.35,000 as capital. ii. The profit sharing ratios would be 4:5:3 for \\( \\mathrm{A}, \\mathrm{B} \\) and \\( \\mathrm{C} \\) respectively. iii.It was agreed to revalue certain assets before admitting \\( \\mathrm{C} \\) as under, iv Goodwill of shs.18,000 was created before the admission of C. Required : Make the appropriate ledger entries and then prepare the balance sheet as at 1/1/23. (8 Marks) b)State the importance of bank reconciliation exercise. (2 Marks)