Pass entries in the firm’s journal for the following on admission

43 :- Pass entries in the firm’s journal for the following on admission of a partner:
(i) Machinery be reduced by Rs 16,000 and building be appreciated by Rs 40,000.
(ii) A provision be created for doubtful debts @5% of debtors amounting to Rs 80,000.
(iii) Provision for warranty claims be increased by Rs 12,000
(iv) Furniture (book value Rs 50,000) is to be reduced by 40%
(v) Furniture (book value Rs 50,000) is to be reduced to 40%

Solution :-