please help immediately
Solution:
Answer 1:
Gaining ratio = new ratio - old ratio
Answer 1:
Gaining ratio = new ratio - old ratio
Richa = (2/4) - (1/3)
= 2/12
Megha = (1/4) - (1/3)
= (3 - 4)/12
= -1/12
Samiksha = (1/4) - (1/3)
= (3 - 4)/12
= -1/12
Negative sign indicates sacrifice. So only Richa is gaining
Option a is correct.
2) calculation of net effect of revaluation
(1) increase vin value of freehold premises = 50,000
(2) decrease in stock = (-25,000)
(3) decrease in Debtors = (-2500)
(4) decrease in value of furniture= (-10,000)
5) decrease in Value of creditors = 5000
net effect of revaluation= 17,500
Profit
option b is correct.
= 2/12
Megha = (1/4) - (1/3)
= (3 - 4)/12
= -1/12
Samiksha = (1/4) - (1/3)
= (3 - 4)/12
= -1/12
Negative sign indicates sacrifice. So only Richa is gaining
Option a is correct.
2) calculation of net effect of revaluation
(1) increase vin value of freehold premises = 50,000
(2) decrease in stock = (-25,000)
(3) decrease in Debtors = (-2500)
(4) decrease in value of furniture= (-10,000)
5) decrease in Value of creditors = 5000
net effect of revaluation= 17,500
Profit
option b is correct.