Sc:X523)tio of 532 respoNU2019. Required. Prepare necessary ator's Alc< 12,000, Capital Ale..Ans, Capital Balance of Y trans, to Y's Execuon Account and Deceased Partner's Capital Account21. A, B and were partners in a firm sharing profits anddied on 28th Feb, 2018. The Balance sheOh Feb, 2018. The Balance Sheet on that date was of followeAmountLiabilitiesAssetsCapital A/cs:24,00032,00024,000Workmen's Compensation ReserveCreditorsGoodwillMachineryFurniture80,000 Stock24,000 Debtors44,000 Cash1,48,000red value of 1,20,00The firm had a Joint Life Policy in the names of the partners, for insured valuepremium paid on the policy was debited to Profit and Loss Account.The assets and liabilities were revalued as follows:(1) Machinery 90,000 and furniture 14,000.(ii) A provision of 10% was created for doubtful debts.(iii) A provision of 30,000 was made for taxation.(iv) The goodwill of the firm was valued at 30,000.(v) Death claim for policy was realised in full.Prepare (1) Revaluation Account and (2) Partner's Capital Accounts.Ans. Revaluation A/c Loss 11,000, A's Executor's Alc(trans.) * 99,500, B's Capita(Cr.) 59,500, C's Capital A/c Balance (Cr.) 3 42,200.)ing profits and losses in the ratio 5:3:​