A and B are partners sharing profits in the ratio of 3:2. On 1st April, 2019, their Balance Sheet was as follows:Liabilities ₹ Assets ₹Sundry Creditors 51,000 Goodwill 15,000Workmen Compensation Fund4,000 Plant 75,000Capitals:A: 1,10,000B: 1,20,000 2,20,000Patent 8,000Stock 80,000Debtors 62,000cash 20,000Profit and Loss A/c 15,000275,000 2,75,000On this date they admitted C on the following terms:i) C will get 3/10th share in profits which he acquires 1/5th from A and 1/10 from B, he will bring in ₹20,000 as his capital.ii) Goodwill of the firm be valued at ₹40,000.iii) Plant is valued at ₹60,000 and Stock 70,000iv) Claim over workmen compensation is ₹6,000v) Patents should be written off.vi) Investments of Rs.5,000 which did not appear in books of account should be duly recorded.vii) B is to withdraw ₹20,000 in cash for persona use.Prepare Revaluation

A and B are partners sharing profits in the ratio of 3:2. On 1st April

1.	A and B are partners sharing profits in the ratio of 3:2. On 1st April, 2019, their Balance Sheet was as follows:Liabilities ₹ Assets ₹Sundry Creditors 51,000 Goodwill 15,000Workmen Compensation Fund4,000 Plant 75,000Capitals:A: 1,10,000B: 1,20,000 2,20,000Patent 8,000Stock 80,000Debtors 62,000cash 20,000Profit and Loss A/c 15,000275,000 2,75,000On this date they admitted C on the following terms:i) C will get 3/10th share in profits which he acquires 1/5th from A and 1/10 from B, he will bring in ₹20,000 as his capital.ii) Goodwill of the firm be valued at ₹40,000.iii) Plant is valued at ₹60,000 and Stock 70,000iv) Claim over workmen compensation is ₹6,000v) Patents should be written off.vi) Investments of Rs.5,000 which did not appear in books of account should be duly recorded.vii) B is to withdraw ₹20,000 in cash for persona use.Prepare Revaluation
Answer» Given :-75% of total 1500 are boys.⅓ are boysAnd No. of girls = 40%To find :-Total studentsSolution :-No. of boys :-75% of 150075/100 × 150075 × 151125 boysNow,Numbers of girls = 1500 - 1125=> 375Total spectacles =>⅓ × 1125375In girls40/100 × 3754/10 × 375150Total students that WEAR spectacles = 150 + 375 = 525\begin{gathered} \\ \end{gathered}

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