Questions Bank 1) Sharifa and Huda were partners sharing profit and loss in the ratio of 3:2. They decided to admit Fatima into the partnership and revalue their assets and liabilities as indicated here under: To bring into record investment of R.O 18,000 which had not so far been recorded in the books of the firme To depreciate stock, furniture and machinery by R.O 18,000, R.O 6.000 and R.O 30,000 respectively. To provide for workmen's compensation of R.O 24.000. Required: show the revaluation account. ss