to 16 yet wered 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 rked out of Liabilities Amount (OMR) Assets Amount (OMR) Flag question Sundry creditors 20,000 Cash in hand 13,000 Capitals 70,000 Debtors 22,000 A 50,000 B 20,000 Stock 15,000 Furniture 20,000 Plant & Machinery 20,000 90,000 90,000 a. The value of plant and machinery is appreciated by 20% A provision for doubtful debts is to be created on sundry debtors at 15%. b. 1.Pass the journal entry to record the appreciation of plant and machinery in Revaluation account Dr Realization a/C OMR 4,000 Cr Plant and Machinery a/c OMR 4,000 Dr Plant and Machinery a/C OMR 4,000 Cr Realization a/c OMR 4,000 Dr Revaluation a/c OMR 4,000 Cr Plant and Machinery a/c OMR 4,000 Dr Plant and Machinery a/c OMR4,000 Cr Revaluation a/c OMR 4,000 2. Pass the journal entry to record the provision for doubtful debts in Revaluation account. Dr Realization a/c OMR 3300 Cr Provision for doubtful debts a/c OMR 3,300 Dr Provision for doubtful debts a/c OMR 3,00 Cr Revaluation a/C OMR 3,300 Dr Provision for doubtful debts a/c OMR 3,300 Cr Realization a/c OMR3,300 Dr Revaluation a/C OMR 3,300 Cr Provision for doubtful debts a/c OMR 3,300 3. The balance of revaluation account will be None of the choices A credit balance of OMR 700 A debit balance of OMR 700 Acredit balance of OMR 4,000