Ram and Laxman are partners in a firm with equal ratio. Balance Sheet As at 31st March, 2019Adjustments(i) Bharat comes for 1/5th share and brings capital ₹ 2,00,000 and premium ₹ 40,000 out of ₹ 60,000. (ii) New ration 2:2:1. (iii) ₹ 20,000 included in creditors are not likely to be paid. (iv) Patents are valueless. (v) 10% provision for doubtful debts on debtors out of general reserve.(1) What is the profit/loss of revaluation account ? (a) Profit ₹ 60,000 (b) Loss ₹ 60,000 (c) Profit ₹ 20,000 (d) Loss ₹ 20,0002. If the old ratio is equal and new ratio (between old partners) is also equal, then what would be the sacrificing ratio? (a) 1:2 (b) 2:1 (c) 1:1 (d) Can’t be determined3. What was the total of bank account at the end of transactions? (a) ₹ 3,40,000 (b) ₹ 3,20,000 (c) ₹ 2,80,000(d) Can’t be determined4. By how much amount was Laxman’s capital credited on account of General Reserve ?(a) ₹ 80,000 (b) ₹ 68,000 (c) ₹ 40,000 (d) ₹ 34,000