At the time of admission of a partner C assets and liabilities of A and B were revalued as follws:
(a) A Provision for Doubtful Debts @10% was made on Sandru Debtors (Sundry Debtors RS.50,000).
(b) Creditors were written back by RS.5,000.
(c) Building was apreciated by 20% (Book value of Building RS.2,00,000).
(d) Unrecorded Investements were valued at RS.15,000.
(e) A Provision of RS.2,000 was made for an Outstanding Bill for repairs:
(f) Unressary Liability towards suppilers was RS.3,000.
Pass necessary Journal entries.