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Journal entries :

Revaluation A/c	Dr.	15,000
To Stock A/c			15,000
(Being stock reduced)

Revaluation A/c	Dr.	25,000
To Machinery A/c			25,000
(Being machinery reduced)

Land and building A/c	Dr.	62,000
To Revaluation A/c			62,000
(Being land and building appreciated)

Revaluation A/c	Dr.	4,000
To Provision for doubtful debt A/c			4,000
(Being provision made)

Revaluation A/c	Dr	10,000
To Akash Capital A/c			10,000
(Being remuneration for reconstitution)

General Reserve A/c	Dr,	10,000
To Ashish Capital A/c			3,333
To Akash Capital A/c			3,333
To Amit Capital A/c			3,334
(Being general reserve transferred to partners in their old ratio)

Ashish capital A/c	Dr.	2,000
Amit Capital A/c	Dr.	2,000
Akash Capital A/c	Dr.	2,000
To Advertisement Suspense A/c			6,000
(Being advertisement suspense written off)

Revaluation A/c	Dr.	8,000
To Ashish Capital A/c			2,666
To Akash Capital A/c			2,666
To Amit Capital A/c			2,667
(Being revaluation profit transferred to partners in their old ratio)

Regards

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