Chander and Mohini are partners sharing profits in the ratio of 3 ; 2 Their Balance Sheet as at 31st March, 2018 is given belowThey decide to admit Shikha as a new partner from 1st April,2018. Their new profit sharing ratio was 3:2:5. Shikha brought in ₹ 6,00,000 as her capital and her share of goodwill premium in cash.(a) Shikha’s share of goodwill premium was valued at ₹30,000. (b) Plant and Machinery was found under valued buy 20%. (c) Creditors were unrecorded to the extent of ₹20,000(d) Claim on account of workmen compensation was ₹40,000. (e) Bad debts amounted to ₹30,0001) What was loss/profit on revaluation and by how much amount? (a) Loss ₹ 1,20,000 (b) profit ₹1,20,000 (c ) Loss by ₹ 1,00,000( c) profit ₹ 1,00.,0002) From which item did partner benefited at time of revaluation of assets. (a) Plant & Machinery (b) Land & Building (c) Stock (d) Sundry Debtors3) What was the amount of Goodwill of the firm. (a) ₹ 50,000 (b) ₹ 40,000 (c) ₹ 60,000 (d) ₹30,0004) Workmen Compensation Reserve given in the balance sheet will be distributed among ----- partners in ------ ratio. (a) New, New (b) old : New (c) Sacrificing : old (d) old : old