U, V and W are partners sharing profits in the ratio of 2:2:1. They decided to share future profits in the ratio 5:3:2. On that date the profit and loss account showed the credit balance of ₹ 90,000. Instead of closing the profit and loss account, it was decided to record an adjustment entry reflecting the change in profit sharing ratio They also decide to record the effect of the following revaluations and reassessments without affecting the bookvalues of assets and liabilities by passing a single adjustment entry:BookValue(RsRevisedValue(Rs)Land and Building2,50,0003,00,000Furniture2,00,0001,75,000Sundry Creditors90,00075,000Outstanding Salaries15,00025,000Answer the following questions:i. The single adjustment entry on revaluations and reassessments without affecting the bookvalues of assets and liabilities will be(a) Dr.W capital a/c ₹3,000 and Cr.U capital a/c ₹3,000 (b) Dr.U capital a/c ₹3,000 and Cr.V capital a/c ₹3,000 (c) Dr.V capital a/c ₹ 30,000 and Cr.U capital a/c ₹30,000 (d) Dr.W capital a/c ₹ 30,000 and Cr.V capital a/c ₹30,000ii. Record an adjustment entry reflecting the change in profit sharing ratio when the profit and loss account is not closed(a) Dr.W capital a/c ₹9,000 and Cr.U capital a/c ₹9,000 (b) Dr.U capital a/c ₹9,000 and Cr.V capital a/c ₹9,000 (c) Dr.V capital a/c ₹ 90,000 and Cr.U capital a/c ₹90,000 (d) Dr.W capital a/c ₹ 90,000 and Cr.V capital a/c ₹90,000iii. Calculate U’s gain or sacrifice. (a) 1/10(sacrifice) (b) 1/10(gain) (c) 1/30(Gain) (d) 1/30(sacrifice)iv. In case of change in profit-sharing ratio, the gaining partner must compensate the sacrificing partners by paying the proportional amount of (a) Capital (b) Cash (c) Goodwill (d) None of the above