Amal, Bimal & Kamal were in partnership sharing profits in the proportion of 3: 2: 1. The balance sheet of the firm as on 31st March,2024 was as under: Liabilities₹Assets₹ Capital accounts:Building3,00,000 Amal4,00,000Fixtures1,25,000 Bimal3,30,000Office Equipment1,00,000 Kamal1,80,000Inventories2,25,000 Trade Payables1,20,000Trade Receivables1,90,000 Cash & Bank90,000 10,30,00010,30,000 Amal had been suffering from ill-health and gave notice that he wished to retire. An agreement was, therefore, entered into as on 31st March, 2024, the terms of which were as follows: (i) The profit and loss account for the year ended 31st March, 2024 which showed a net profit of ₹ 1,50,000 was to be re-opened. Bimal was to be credited with ₹30,000 as bonus, in consideration of the extra work which had devolved upon him during the year. The profit-sharing ratio was to be revised to enable partners to share profits / losses equally w.e.f. 1st Apirl, 2023. (ii) Goodwill was to be valued at three years' purchase of the average profits of the preceding four years. The following were the amounts of profit for the past four years: YearProfit 2020-211,15,000 2021-221,25,000 2022-231,40,000 2023-241,50,000 (iii) Fixtures were revalued at ₹ 1,00,000. Building was to be appreciated by 10%. Inventories were to be written down by₹25,000. A provision of 2.5% was to be made for doubtful debts and the remaining assets were to be taken at their book values. Bimal and Kamal agreed, as between themselves, to continue the business, sharing profits in the ratio of 3: 2. The amount due to Amal is to be transferred to his loan account to be settled later. You are required to prepare: (1) Revaluation Account (2) Partners' Capital Accounts.

The balance sheet of ABC as on 1st April, 2024 was as follows: ParticularsAmount (3)ParticularsAmount (₹) Sundry Creditors8,12,500Furniture and Fixtures8,12,500 Expenses Payable93,750Vehicle3,43,750 Capital27,50,000Trade Receivable13,75,000 Cash at Bank5,93,750 Inventories5,31,250 36,56,25036,56,250 During 2024-25, his Profit and Loss Account revealed a net profit of ₹8,37,500. This was after allowing for the following: (i) Commission paid to selling agent ₹81,250 (ii) Discount received from creditors ₹93,750 (iii) Purchased a vehicle of ₹62,500 on 31st March,2025 (iv) Depreciation on Furniture and Fixtures @ 10% and on Vehicle @20%. (v) A provision for doubtful debts @ 3% of the trade receivables as at 31st March, 2025, but while preparing the Profit and Loss Account he had forgotten to provide for (1) Prepaid expenses ₹ 18,750 and (2) Outstanding commission ₹43,750. His current assets and liabilities on 31st March,2025 were: Inventories ₹8,12,500. Trade Receivables ₹ 16,25,000 (before provision for doubtful debts), Cash at Bank ₹6,87,500 and Trade Payables ₹ 1,82,500. During the year he introduced further capital of ₹3,75,000 into the business. You are required to prepare the balance sheet as at March 31, 2025.