# Pls solved it with explanation

(a)

Journal | |||||

Date | Particulars | L.F. | DebitAmount(Rs) | CreditAmount(Rs) | |

Revaluation A/c | Dr. | 11,200 | |||

To Stock A/c | 3,200 | ||||

To Claim against WCF A/c | 8,000 | ||||

(Decrease in asset and increase in liability debited to Revaluation A/c) | |||||

Creditors A/c | Dr. | 900 | |||

Investments A/c | Dr. | 2,000 | |||

To Revaluation A/c | 2,900 | ||||

(Increase in asset and decrease in liability credited to Revaluation A/c) | |||||

Parth’s Capital A/c | Dr. | 4,150 | |||

Raman’s Capital A/c | Dr. | 2,490 | |||

Zaisha’s Captal A/c | Dr. | 1,660 | |||

To Revaluation A/c | 8,300 | ||||

(Revaluation loss debited to partners in old ratio) | |||||

Parth’s Capital A/c | Dr. | 2,000 | |||

Raman’s Capital A/c | Dr. | 1,200 | |||

Zaisha’s Captal A/c | Dr. | 800 | |||

To Profit & Loss A/c | 4,000 | ||||

(Debit balance in P&L A/c written off amongst the partners in old ratio) | |||||

General Reserve A/c | Dr. | 36,000 | |||

To Parth’s Capital A/c | 18,000 | ||||

To Raman’s Capital A/c | 10,800 | ||||

To Zaisha’s Capital A/c | 7,200 | ||||

(General Reserve distributed among the partners in old ratio) | |||||

Parth’s Capital A/c | Dr. | 22,800 | |||

To Raman’s Capital A/c | 15,200 | ||||

To Zaisha’s Capital A/c | 7,600 | ||||

(Adjustment for goodwill) | |||||

Calculation of Sacrificing/Gaining Ratio

$\mathrm{Parth}=\frac{5}{10}-\frac{2}{10}=\frac{3}{10}\left(\mathrm{sacrifice}\right)\phantom{\rule{0ex}{0ex}}\mathrm{Raman}=\frac{3}{10}-\frac{5}{10}=-\frac{2}{10}\left(\mathrm{gain}\right)\phantom{\rule{0ex}{0ex}}\mathrm{Zaisha}=\frac{2}{10}-\frac{3}{10}=-\frac{1}{10}\left(\mathrm{gain}\right)\phantom{\rule{0ex}{0ex}}\mathrm{Parth}\text{'}\mathrm{s}\mathrm{share}\mathrm{in}\mathrm{goodwill}=76,000\times \frac{3}{10}=22,800\phantom{\rule{0ex}{0ex}}\mathrm{Raman}\text{'}\mathrm{s}\mathrm{share}\mathrm{in}\mathrm{goodwill}=76,000\times \frac{2}{10}=15,200\phantom{\rule{0ex}{0ex}}\mathrm{Zaisha}\text{'}\mathrm{s}\mathrm{share}\mathrm{in}\mathrm{goodwill}=76,000\times \frac{1}{10}=7,600$

(b)

(i) Concern towards aged and elderly

(b) Environment sensitivity

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