Thesas3. Anita, Sunita and Kavita were partners in a business Sharing Profits and Losses inthe ratio of 2:2:1 respectively. Their Balance Sheet as on 31"'March, 2019 is as under.Balance Sheet as on 31st March, 2019LiabilityAmt (R)Amt () AssetsAmt ()Amt (6)Capital AlcPlant & Building55 800200Anita40.000 Investment30.000000Sunita40,000 Furniture16.000Kavita20.000 Debtors20.80000Creditors30 000 Less RDD80020.00000Bils Payable2.000 Bank8.20000Bank Loan8.000 Goodwill10 0001,40,0001,40,0000On 1st July 2019 Kavita died and the following adjustment were made.1All the Debtors were considered as good2A contingent liability for a compensation of 900 was provided3Investment were sold out in the market at 10% profit4Loan were paid off5Land and Building were depreciated by 800 and Furniture by * 11006Goodwill of the firm was valued at * 15000. It was to be raised in the Books7Kavita was entitled to get her share in the profit upto the date of her death Profit for2019-20 was estimated at 10.0008The amount due to kavitas executors was paid by NEFTPrepare Revaluation Account Partners Capital Account, Balance sheet of new firmAns: (Ans : Revaluation profit ? 1,000, Kavita's Executors Loan 21,700, BalanceSheet Total 1,17,700.)​